International Assets Investment Management LLC Acquires Shares of 12,250 Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

International Assets Investment Management LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 12,250 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ARI. Bank of New York Mellon Corp grew its stake in shares of Apollo Commercial Real Estate Finance by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock valued at $10,522,000 after buying an additional 19,611 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 32.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after acquiring an additional 251,280 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Apollo Commercial Real Estate Finance by 11.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after purchasing an additional 78,833 shares in the last quarter. Luxor Capital Group LP acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $7,342,000. Finally, Cetera Investment Advisers grew its holdings in shares of Apollo Commercial Real Estate Finance by 5.8% during the second quarter. Cetera Investment Advisers now owns 330,228 shares of the real estate investment trust’s stock worth $3,233,000 after purchasing an additional 18,150 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARI has been the subject of a number of research reports. BTIG Research began coverage on Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Finally, StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.88.

Insiders Place Their Bets

In other news, Director Scott Prince sold 4,935 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 81,154 shares of the company’s stock, valued at $821,278.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is currently owned by insiders.

Apollo Commercial Real Estate Finance Stock Up 2.3 %

Shares of Apollo Commercial Real Estate Finance stock opened at $8.98 on Tuesday. The company has a market cap of $1.24 billion, a P/E ratio of -9.76, a PEG ratio of 1.47 and a beta of 1.75. The firm has a fifty day moving average of $9.39 and a two-hundred day moving average of $9.94. The company has a debt-to-equity ratio of 0.67, a quick ratio of 54.21 and a current ratio of 46.13. Apollo Commercial Real Estate Finance, Inc. has a one year low of $8.52 and a one year high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.14%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -108.70%.

Apollo Commercial Real Estate Finance Profile

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.