45,953 Shares in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 45,953 shares of the real estate investment trust’s stock, valued at approximately $422,000.

Other hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth $43,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter worth $44,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth $59,000. Quest Partners LLC lifted its holdings in Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 9,458 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Apollo Commercial Real Estate Finance in the third quarter valued at $1,130,000. 54.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on ARI. JPMorgan Chase & Co. reduced their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. UBS Group reduced their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, StockNews.com downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.63.

Apollo Commercial Real Estate Finance Trading Down 0.5 %

NYSE:ARI opened at $9.12 on Thursday. The company has a market capitalization of $1.26 billion, a PE ratio of -9.91 and a beta of 1.75. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $8.52 and a 52-week high of $12.74. The stock has a fifty day simple moving average of $9.11 and a 200-day simple moving average of $9.84.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.97%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

Apollo Commercial Real Estate Finance Company 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.