AM Investment Strategies LLC Purchases New Shares in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

AM Investment Strategies LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,455 shares of the real estate investment trust’s stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Naples Money Management LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at $64,000. EMC Capital Management increased its position in shares of Apollo Commercial Real Estate Finance by 134.6% in the third quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 3,971 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the third quarter valued at about $105,000. Koshinski Asset Management Inc. increased its position in shares of Apollo Commercial Real Estate Finance by 13.3% in the third quarter. Koshinski Asset Management Inc. now owns 13,702 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 1,609 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at about $1,840,000. 54.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price on the stock. in a research report on Monday, March 4th. JPMorgan Chase & Co. cut their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. Finally, TheStreet upgraded 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. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus price target of $10.50.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the transaction, the chief executive officer now directly owns 415,292 shares in the company, valued at $4,402,095.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI traded down $0.11 on Thursday, hitting $10.73. 553,534 shares of the company’s stock were exchanged, compared to its average volume of 778,604. The stock has a 50-day moving average of $10.95 and a 200-day moving average of $11.00. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $9.22 and a 52 week high of $12.74. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 35.77 and a beta of 1.67.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently declared 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. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 13.05%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 466.67%.

Apollo Commercial Real Estate Finance Company 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.