Victory Capital Management Inc. Sells 17,006 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Victory Capital Management Inc. reduced its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 7.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 208,117 shares of the real estate investment trust’s stock after selling 17,006 shares during the quarter. Victory Capital Management Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $1,913,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 1.8% during the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock worth $584,000 after acquiring an additional 1,039 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Apollo Commercial Real Estate Finance by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 1,100 shares in the last quarter. PFG Investments LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 2.9% in the 3rd quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 1,352 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Apollo Commercial Real Estate Finance by 2.2% during the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock valued at $620,000 after acquiring an additional 1,456 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Apollo Commercial Real Estate Finance by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock worth $688,000 after purchasing an additional 2,037 shares during the last quarter. Institutional investors own 54.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ARI has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and a consensus price target of $9.63.

Apollo Commercial Real Estate Finance Trading Down 0.1 %

NYSE ARI opened at $9.19 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The company has a market capitalization of $1.27 billion, a PE ratio of -9.99 and a beta of 1.75. The company has a fifty day moving average of $9.07 and a 200 day moving average of $9.82. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $8.52 and a 1 year high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.88%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -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.