Cetera Investment Advisers Boosts Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Cetera Investment Advisers lifted its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 312,078 shares of the real estate investment trust’s stock after purchasing an additional 16,565 shares during the period. Cetera Investment Advisers owned 0.22% of Apollo Commercial Real Estate Finance worth $3,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARI. Charles Schwab Investment Management Inc. increased its position in shares of Apollo Commercial Real Estate Finance by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,777 shares of the real estate investment trust’s stock valued at $23,031,000 after purchasing an additional 120,055 shares during the last quarter. Norges Bank bought a new stake in Apollo Commercial Real Estate Finance in the fourth quarter worth about $12,006,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Apollo Commercial Real Estate Finance by 11.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after acquiring an additional 78,833 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Apollo Commercial Real Estate Finance by 2.7% during the 1st quarter. Van ECK Associates Corp now owns 783,036 shares of the real estate investment trust’s stock valued at $8,723,000 after acquiring an additional 20,957 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Apollo Commercial Real Estate Finance by 20.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 182,895 shares of the real estate investment trust’s stock worth $2,037,000 after purchasing an additional 31,572 shares during the last quarter. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI traded up $0.07 during midday trading on Friday, hitting $10.24. The company had a trading volume of 1,059,079 shares, compared to its average volume of 858,881. The company has a market capitalization of $1.46 billion, a PE ratio of -13.13, a P/E/G ratio of 1.61 and a beta of 1.75. The company has a quick ratio of 52.35, a current ratio of 52.35 and a debt-to-equity ratio of 0.61. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $9.14 and a 52-week high of $12.74. The stock’s fifty day moving average price is $10.24 and its 200-day moving average price is $10.60.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 13.67%. The ex-dividend date of this dividend was Friday, June 28th. Apollo Commercial Real Estate Finance’s payout ratio is presently -179.49%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance Profile

(Free Report)

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.