70,190 Shares in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Purchased by Alpine Global Management LLC

Alpine Global Management LLC acquired a new stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 70,190 shares of the real estate investment trust’s stock, valued at approximately $608,000. Alpine Global Management LLC owned approximately 0.05% of Apollo Commercial Real Estate Finance at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ARI. Norges Bank purchased a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at about $3,360,000. JPMorgan Chase & Co. grew its holdings in Apollo Commercial Real Estate Finance by 130.1% in the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust’s stock worth $4,164,000 after acquiring an additional 271,908 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $1,586,000. Charles Schwab Investment Management Inc. raised its holdings 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 worth $19,601,000 after purchasing an additional 162,089 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Apollo Commercial Real Estate Finance by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust’s stock worth $131,949,000 after purchasing an additional 135,785 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 1.9 %

Apollo Commercial Real Estate Finance stock opened at $8.19 on Tuesday. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $7.70 and a 12 month high of $11.20. The stock has a market capitalization of $1.14 billion, a PE ratio of -8.62 and a beta of 1.41. The business has a 50 day simple moving average of $9.45 and a 200-day simple moving average of $9.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19.

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

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.21%. The ex-dividend date was Monday, March 31st. Apollo Commercial Real Estate Finance’s payout ratio is currently -105.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARI. StockNews.com raised Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods raised shares of Apollo Commercial Real Estate Finance from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a report on Monday, April 7th. Finally, UBS Group cut their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.00.

Insider Activity

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 transaction, the chief executive officer now directly owns 385,928 shares in the company, valued at approximately $3,855,420.72. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total value of $109,560.00. Following the completion of the transaction, the director now owns 9,624 shares of the company’s stock, valued at $95,855.04. The trade was a 53.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

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.