Naples Money Management LLC Invests $64,000 in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Naples Money Management LLC acquired a new position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,436 shares of the real estate investment trust’s stock, valued at approximately $64,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its position in shares of Apollo Commercial Real Estate Finance by 6.1% during the first quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 857 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Apollo Commercial Real Estate Finance by 6.0% during the 3rd quarter. Captrust Financial Advisors now owns 15,230 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 861 shares during the period. Metropolitan Life Insurance Co NY increased its holdings in shares of Apollo Commercial Real Estate Finance by 11.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 907 shares in the last quarter. US Bancorp DE increased its holdings in shares of Apollo Commercial Real Estate Finance by 84.8% in the 2nd quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,023 shares in the last quarter. Finally, NFJ Investment Group LLC increased its holdings in Apollo Commercial Real Estate Finance by 0.3% during the 4th quarter. NFJ Investment Group LLC now owns 314,951 shares of the real estate investment trust’s stock valued at $3,389,000 after acquiring an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Up 1.9 %

NYSE:ARI traded up $0.20 on Friday, hitting $10.72. 547,872 shares of the company’s stock traded hands, compared to its average volume of 791,762. The company has a market cap of $1.52 billion, a PE ratio of 35.73 and a beta of 1.67. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $10.95 and a 200-day moving average price of $10.96. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $9.13 and a 1 year high of $12.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 13.06%. The ex-dividend date was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s payout ratio is presently 466.67%.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the transaction, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Bank of America lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target for the company. in a research note on Monday, March 4th. Finally, TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average price target of $10.50.

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.