Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Sold by Fmr LLC

Fmr LLC lessened its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 84.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,936 shares of the real estate investment trust’s stock after selling 82,964 shares during the quarter. Fmr LLC’s holdings in Apollo Commercial Real Estate Finance were worth $137,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the third quarter worth $44,000. EverSource Wealth Advisors LLC acquired a new position in Apollo Commercial Real Estate Finance during the 2nd quarter worth about $59,000. KBC Group NV boosted its holdings in 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 acquiring an additional 2,562 shares during the period. Quest Partners LLC boosted its holdings in Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd 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 position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at about $1,130,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Trading Up 3.0 %

Shares of ARI stock opened at $9.04 on Monday. The stock has a market cap of $1.25 billion, a P/E ratio of -9.83 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 fifty-two week low of $8.52 and a fifty-two week high of $12.74. The business has a fifty day simple moving average of $9.05 and a 200-day simple moving average of $9.68.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is -108.70%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped 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. UBS Group cut their price target 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 research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.63.

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.