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Oregon Public Employees Retirement Fund reduced its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,165 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Apollo Commercial Real Estate Finance were worth $685,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARI. Allspring Global Investments Holdings LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $35,165,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Apollo Commercial Real Estate Finance by 154.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,800,374 shares of the real estate investment trust’s stock valued at $23,693,000 after acquiring an additional 1,093,275 shares during the last quarter. Invesco Ltd. boosted its stake in Apollo Commercial Real Estate Finance by 10.5% in the fourth quarter. Invesco Ltd. now owns 2,179,444 shares of the real estate investment trust’s stock valued at $28,681,000 after acquiring an additional 207,483 shares during the last quarter. Yousif Capital Management LLC bought a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $1,576,000. Finally, Arete Wealth Advisors LLC bought a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $1,368,000. 57.62% of the stock is currently owned by institutional investors and hedge funds.
ARI opened at $10.44 on Friday. The firm’s fifty day moving average is $11.43 and its two-hundred day moving average is $12.73. The company has a debt-to-equity ratio of 2.85, a quick ratio of 66.05 and a current ratio of 66.05. The firm has a market cap of $1.47 billion, a PE ratio of 9.41 and a beta of 1.28. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.41 and a twelve month high of $15.98.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last posted its earnings results on Monday, April 25th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Apollo Commercial Real Estate Finance had a net margin of 70.24% and a return on equity of 8.63%. During the same period last year, the firm earned $0.36 EPS. Equities analysts forecast that Apollo Commercial Real Estate Finance, Inc. will post 1.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.40 annualized dividend and a yield of 13.41%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 126.13%.
A number of equities analysts have issued reports on ARI shares. JPMorgan Chase & Co. raised their price objective on shares of Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, April 25th. StockNews.com started coverage on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.
In related news, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $12.68, for a total transaction of $126,800.00. Following the sale, the director now directly owns 65,663 shares in the company, valued at $832,606.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.
Apollo Commercial Real Estate Finance Company Profile (Get Rating)
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. It is qualified as a REIT under the Internal Revenue Code.
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