Y Intercept Hong Kong Ltd Reduces Stock Holdings in Apollo Commercial Real Estate Finance $ARI

Y Intercept Hong Kong Ltd cut its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 65.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 32,207 shares of the real estate investment trust’s stock after selling 61,005 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Apollo Commercial Real Estate Finance were worth $312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in 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 valued at $37,000 after acquiring an additional 1,087 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 55.6% in the second quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,451 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at $41,000. Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 2,864 shares in the last quarter. Finally, Accuvest Global Advisors purchased a new stake in Apollo Commercial Real Estate Finance during the 1st quarter worth $107,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,073 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer owned 281,781 shares in the company, valued at $3,037,599.18. The trade was a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by insiders.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI opened at $9.83 on Friday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.56 and a beta of 1.60. The stock has a 50 day moving average of $10.29 and a 200-day moving average of $9.98. The company has a current ratio of 90.32, a quick ratio of 90.32 and a debt-to-equity ratio of 0.66. Apollo Commercial Real Estate Finance has a 52 week low of $7.70 and a 52 week high of $11.11.

Apollo Commercial Real Estate Finance Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on ARI. Zacks Research cut shares of Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. upped their target price on Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. UBS Group raised their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and a consensus target price of $10.88.

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.