Texas Permanent School Fund Decreases Stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)
Texas Permanent School Fund lowered its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 1.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 93,659 shares of the real estate investment trust’s stock after selling 1,564 shares during the quarter. Texas Permanent School Fund owned about 0.07% of Apollo Commercial Real Estate Finance worth $1,305,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. GraniteShares Advisors LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 9.7% during the 1st quarter. GraniteShares Advisors LLC now owns 57,004 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 5,056 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Apollo Commercial Real Estate Finance by 9.5% during the 1st quarter. New York State Common Retirement Fund now owns 139,618 shares of the real estate investment trust’s stock worth $1,945,000 after purchasing an additional 12,096 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 2.0% during the 1st quarter. Victory Capital Management Inc. now owns 98,938 shares of the real estate investment trust’s stock worth $1,202,000 after purchasing an additional 1,900 shares during the period. Vestnet Asset Management Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 7.9% during the 1st quarter. Vestnet Asset Management Inc. now owns 234,710 shares of the real estate investment trust’s stock worth $3,270,000 after purchasing an additional 17,106 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 5.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 19,036 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 1,069 shares during the period. Hedge funds and other institutional investors own 57.62% of the company’s stock.
Analyst Rating Changes
A number of research firms have weighed in on ARI. Credit Suisse Group decreased their price target on Apollo Commercial Real Estate Finance to $13.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. upped their price target on Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, April 25th.
Apollo Commercial Real Estate Finance Stock Up 1.3%
NYSE ARI opened at $13.00 on Monday. The stock has a market cap of $1.83 billion, a PE ratio of 11.50 and a beta of 1.34. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $9.41 and a fifty-two week high of $15.98. The business has a 50 day moving average price of $11.31 and a two hundred day moving average price of $12.50. The company has a quick ratio of 38.25, a current ratio of 38.24 and a debt-to-equity ratio of 3.09.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a return on equity of 8.22% and a net margin of 71.47%. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, sell-side analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 1.29 EPS for the current fiscal year.
Apollo Commercial Real Estate Finance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.77%. The ex-dividend date of this dividend was Wednesday, June 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 123.89%.
Insiders Activity
In other news, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 65,663 shares in the company, valued at approximately $832,606.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.73% of the company’s stock.
Apollo Commercial Real Estate Finance Profile
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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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