Keybank National Association OH Purchases New Position in Apollo Commercial Real Estate Finance $ARI

Keybank National Association OH acquired a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,669 shares of the real estate investment trust’s stock, valued at approximately $103,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 39.2% in the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,087 shares during the last quarter. Signaturefd LLC increased its holdings in Apollo Commercial Real Estate Finance by 55.6% in the 2nd quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,451 shares in the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth about $41,000. Smartleaf Asset Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 94.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 2,864 shares during the period. Finally, Accuvest Global Advisors bought a new position in Apollo Commercial Real Estate Finance during the 1st quarter valued at about $107,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ARI. JPMorgan Chase & Co. raised their target price on shares of Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a report on Monday. Weiss Ratings cut Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Keefe, Bruyette & Woods lifted their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Zacks Research downgraded Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, UBS Group boosted their price target on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average target price of $10.88.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,073 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $10.78, for a total transaction of $561,346.94. Following the sale, the chief executive officer owned 281,781 shares in the company, valued at approximately $3,037,599.18. This trade represents a 15.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI opened at $9.79 on Friday. The business’s fifty day moving average is $10.31 and its 200 day moving average is $9.97. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 90.32 and a current ratio of 90.32. The company has a market capitalization of $1.36 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.57 and a beta of 1.60.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.2%. Apollo Commercial Real Estate Finance’s payout ratio is 112.36%.

About Apollo Commercial Real Estate Finance

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.