Intech Investment Management LLC Acquires 55,393 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Intech Investment Management LLC boosted its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 136.5% during the fourth quarter, Holdings Channel reports. The fund owned 95,975 shares of the real estate investment trust’s stock after purchasing an additional 55,393 shares during the period. Intech Investment Management LLC’s holdings in Apollo Commercial Real Estate Finance were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 139.4% in the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after purchasing an additional 176,101 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Apollo Commercial Real Estate Finance by 7.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust’s stock valued at $19,601,000 after buying an additional 162,089 shares during the last quarter. Barclays PLC raised its holdings in Apollo Commercial Real Estate Finance by 65.9% in the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after acquiring an additional 130,892 shares during the period. Van ECK Associates Corp lifted its position in Apollo Commercial Real Estate Finance by 12.1% during the fourth quarter. Van ECK Associates Corp now owns 1,063,511 shares of the real estate investment trust’s stock worth $9,210,000 after acquiring an additional 115,109 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 18.0% during the fourth quarter. Advisors Asset Management Inc. now owns 552,586 shares of the real estate investment trust’s stock worth $4,785,000 after acquiring an additional 84,251 shares during the period. Institutional investors and hedge funds own 54.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. StockNews.com raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus target price of $9.08.

Apollo Commercial Real Estate Finance Price Performance

Apollo Commercial Real Estate Finance stock opened at $9.83 on Monday. The stock has a 50-day moving average price of $9.55 and a two-hundred day moving average price of $9.28. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.44 and a 12 month high of $11.55. The company has a market capitalization of $1.36 billion, a PE ratio of -10.34 and a beta of 1.74. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. Analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 0.63 EPS for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date of this dividend is Monday, March 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -105.26%.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.99, for a total value of $520,219.26. Following the completion of the transaction, the chief executive officer now directly owns 385,928 shares of the company’s stock, valued at approximately $3,855,420.72. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total value of $109,560.00. Following the sale, the director now owns 9,624 shares in the company, valued at approximately $95,855.04. The trade was a 53.34 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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.