Nisa Investment Advisors LLC Sells 29,688 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Nisa Investment Advisors LLC lessened its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 34.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 55,372 shares of the real estate investment trust’s stock after selling 29,688 shares during the period. Nisa Investment Advisors LLC’s holdings in Apollo Commercial Real Estate Finance were worth $650,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Mackenzie Financial Corp grew its holdings in Apollo Commercial Real Estate Finance by 6.1% during the first quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 857 shares during the period. Captrust Financial Advisors grew its holdings in Apollo Commercial Real Estate Finance by 6.0% during the third quarter. Captrust Financial Advisors now owns 15,230 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 861 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in Apollo Commercial Real Estate Finance by 11.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 907 shares during the period. US Bancorp DE grew its holdings in Apollo Commercial Real Estate Finance by 84.8% during the second quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,023 shares during the period. Finally, NFJ Investment Group LLC grew its holdings in Apollo Commercial Real Estate Finance by 0.3% during the fourth quarter. NFJ Investment Group LLC now owns 314,951 shares of the real estate investment trust’s stock valued at $3,389,000 after purchasing an additional 1,049 shares during the period. Institutional investors own 54.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target for the company. in a report on Monday, March 4th. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. cut their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average price target of $10.50.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI opened at $10.39 on Wednesday. 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 12-month low of $9.02 and a 12-month high of $12.74. The stock has a 50-day moving average price of $10.97 and a 200 day moving average price of $10.97. The stock has a market capitalization of $1.48 billion, a P/E ratio of 34.60 and a beta of 1.67.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 13.48%. The ex-dividend date of this dividend was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 466.67%.

Apollo Commercial Real Estate Finance 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.