Texas Permanent School Fund Corp Raises Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Texas Permanent School Fund Corp grew its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 114,413 shares of the real estate investment trust’s stock after purchasing an additional 2,117 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of Apollo Commercial Real Estate Finance worth $1,275,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ARI. Future Financial Wealth Managment LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter worth $56,000. Naples Money Management LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth $64,000. Hollencrest Capital Management lifted its stake in shares of Apollo Commercial Real Estate Finance by 100.0% during the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 5,000 shares during the period. HighPoint Advisor Group LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth $132,000. Finally, Cascade Wealth Advisors Inc purchased a new position in shares of Apollo Commercial Real Estate Finance in the 1st quarter worth $134,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 0.6 %

Shares of NYSE ARI opened at $10.91 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $9.14 and a 12-month high of $12.74. The company has a market cap of $1.55 billion, a P/E ratio of -13.99, a P/E/G ratio of 1.65 and a beta of 1.76. The company has a current ratio of 52.35, a quick ratio of 52.35 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $10.11 and a 200 day moving average price of $10.71.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.40 annualized dividend and a yield of 12.83%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.25.

Read Our Latest Analysis on Apollo Commercial Real Estate Finance

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Mark C. Biderman sold 15,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the sale, the director now directly owns 60,625 shares in the company, valued at approximately $606,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

Apollo Commercial Real Estate Finance Profile

(Free Report)

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.

See Also

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