Hsbc Holdings PLC Acquires 3,463 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Hsbc Holdings PLC boosted its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 22.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,225 shares of the real estate investment trust’s stock after purchasing an additional 3,463 shares during the period. Hsbc Holdings PLC’s holdings in Apollo Commercial Real Estate Finance were worth $186,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Palogic Value Management L.P. increased its position in Apollo Commercial Real Estate Finance by 2.8% in the fourth quarter. Palogic Value Management L.P. now owns 92,741 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 2,569 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth about $132,000. Future Financial Wealth Managment LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter valued at approximately $56,000. Cascade Wealth Advisors Inc bought a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter valued at approximately $134,000. Finally, Van ECK Associates Corp lifted its stake in shares of Apollo Commercial Real Estate Finance by 2.7% during the 1st quarter. Van ECK Associates Corp now owns 783,036 shares of the real estate investment trust’s stock valued at $8,723,000 after buying an additional 20,957 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the sale, the director now owns 81,154 shares in the company, valued at approximately $821,278.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ARI shares. JPMorgan Chase & Co. boosted their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. BTIG Research started coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of “Hold” and an average price target of $10.25.

Apollo Commercial Real Estate Finance Trading Down 0.3 %

Shares of Apollo Commercial Real Estate Finance stock opened at $8.89 on Friday. The company’s 50-day moving average price is $10.01 and its 200-day moving average price is $10.27. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -11.40, a PEG ratio of 2.15 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $8.76 and a 12-month high of $12.74. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.25%. The ex-dividend date is Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -128.21%.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States, the United Kingdom, and Europe.