Oregon Public Employees Retirement Fund Sells 1,100 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)
Oregon Public Employees Retirement Fund decreased its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,165 shares of the real estate investment trust’s stock after selling 1,100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Apollo Commercial Real Estate Finance were worth $685,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $35,165,000. invesco ltd increased its stake in shares of Apollo Commercial Real Estate Finance by 10.5% during the fourth quarter. invesco ltd now owns 2,179,444 shares of the real estate investment trust’s stock worth $28,681,000 after purchasing an additional 207,483 shares during the period. Mirae Asset Global Investments Co.Ltd. increased its stake in shares of Apollo Commercial Real Estate Finance by 154.6% during the fourth quarter. Mirae Asset Global Investments Co.Ltd. now owns 1,800,374 shares of the real estate investment trust’s stock worth $23,693,000 after purchasing an additional 1,093,275 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Apollo Commercial Real Estate Finance by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,357,928 shares of the real estate investment trust’s stock worth $17,871,000 after purchasing an additional 50,697 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares in Apollo Commercial Real Estate Finance by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,343,362 shares of the real estate investment trust’s stock worth $19,921,000 after purchasing an additional 38,789 shares during the period. Hedge funds and other institutional investors own 57.62% of the company’s stock.
A number of brokerages have recently weighed in on ARI. JPMorgan Chase & Co. increased their target price on Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, April 25th. StockNews.com began coverage on Apollo Commercial Real Estate Finance in a research note on Thursday, March 31st. They set a “hold” rating on the stock.
In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00. Following the transaction, the director now owns 65,663 shares in the company, valued at approximately $832,606.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.
Apollo Commercial Real Estate Finance stock opened at $10.44 on Friday. The stock’s fifty day moving average price is $11.43 and its two-hundred day moving average price is $12.73. Apollo Commercial Real Estate Finance, Inc. has a one year low of $9.41 and a one year high of $15.98. The company has a debt-to-equity ratio of 2.85, a current ratio of 66.05 and a quick ratio of 66.05. The firm has a market cap of $1.47 billion, a PE ratio of 9.41 and a beta of 1.28.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last posted its quarterly earnings data on Monday, April 25th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Apollo Commercial Real Estate Finance had a return on equity of 8.63% and a net margin of 70.24%. During the same quarter last year, the firm posted $0.36 EPS. Sell-side analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 1.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.40 dividend on an annualized basis and a yield of 13.41%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 126.13%.
Apollo Commercial Real Estate Finance Company Profile (Get Rating)
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. It is qualified as a REIT under the Internal Revenue Code.
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