Advisors Asset Management Inc. Sells 9,537 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Advisors Asset Management Inc. trimmed its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 4.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 185,620 shares of the real estate investment trust’s stock after selling 9,537 shares during the quarter. Advisors Asset Management Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $2,068,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ARI. Norges Bank bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $12,006,000. Charles Schwab Investment Management Inc. raised its holdings in Apollo Commercial Real Estate Finance by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,777 shares of the real estate investment trust’s stock worth $23,031,000 after purchasing an additional 120,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Apollo Commercial Real Estate Finance by 11.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock worth $8,798,000 after purchasing an additional 78,833 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Apollo Commercial Real Estate Finance in the 4th quarter worth $764,000. Finally, Vanguard Group Inc. raised its holdings in Apollo Commercial Real Estate Finance by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 15,665,083 shares of the real estate investment trust’s stock worth $158,687,000 after purchasing an additional 54,938 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total transaction of $150,000.00. Following the transaction, the director now owns 60,625 shares in the company, valued at approximately $606,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

ARI opened at $10.72 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 52.35 and a current ratio of 52.35. The company’s 50-day simple moving average is $10.19 and its two-hundred day simple moving average is $10.67. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $9.14 and a 52-week high of $12.74.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.06%. The ex-dividend date of this dividend was Friday, June 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ARI shares. Keefe, Bruyette & Woods reduced their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 1st. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance has an average rating of “Hold” and a consensus price target of $10.25.

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.