Quest Partners LLC Has $934,000 Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Quest Partners LLC raised its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 960.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 101,641 shares of the real estate investment trust’s stock after purchasing an additional 92,060 shares during the quarter. Quest Partners LLC’s holdings in Apollo Commercial Real Estate Finance were worth $934,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth about $43,000. Future Financial Wealth Managment LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $44,000. EverSource Wealth Advisors LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $59,000. KBC Group NV lifted its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% during the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,562 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $133,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Stock Down 0.5 %

ARI stock opened at $9.12 on Thursday. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.26 billion, a PE ratio of -9.91 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.52 and a 1-year high of $12.74. The business’s 50 day simple moving average is $9.11 and its 200 day simple moving average is $9.84.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is presently -108.70%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ARI shares. JPMorgan Chase & Co. cut their price objective on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. UBS Group cut their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Finally, StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average target price of $9.63.

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.