New York State Common Retirement Fund Buys 12,096 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)
New York State Common Retirement Fund increased its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,618 shares of the real estate investment trust’s stock after acquiring an additional 12,096 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Apollo Commercial Real Estate Finance worth $1,945,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. invesco ltd increased its position in 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 acquiring an additional 207,483 shares during the period. Mirae Asset Global Investments Co.Ltd. increased its holdings in Apollo Commercial Real Estate Finance by 154.6% in the 4th quarter. Mirae Asset Global Investments Co.Ltd. now owns 1,800,374 shares of the real estate investment trust’s stock valued at $23,693,000 after buying an additional 1,093,275 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Apollo Commercial Real Estate Finance by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,357,928 shares of the real estate investment trust’s stock valued at $17,871,000 after buying an additional 50,697 shares during the period. Citigroup Inc. increased its holdings in Apollo Commercial Real Estate Finance by 7.5% in the 4th quarter. Citigroup Inc. now owns 535,230 shares of the real estate investment trust’s stock valued at $7,044,000 after buying an additional 37,446 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in Apollo Commercial Real Estate Finance by 0.8% in the 4th quarter. Public Sector Pension Investment Board now owns 267,837 shares of the real estate investment trust’s stock valued at $3,525,000 after buying an additional 2,130 shares during the period. Institutional investors own 57.62% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on ARI shares. Credit Suisse Group lowered their price target on shares in Apollo Commercial Real Estate Finance to $13.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares in Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, April 25th.
Apollo Commercial Real Estate Finance Stock Up 0.1%
Shares of NYSE:ARI opened at $13.01 on Tuesday. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $9.41 and a 52 week high of $15.98. The company has a debt-to-equity ratio of 3.09, a quick ratio of 38.25 and a current ratio of 38.24. The company’s fifty-day moving average is $11.32 and its 200-day moving average is $12.50. The company has a market capitalization of $1.83 billion, a PE ratio of 11.51 and a beta of 1.34.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a net margin of 71.47% and a return on equity of 8.22%. During the same period in the prior year, the firm posted $0.38 EPS. Equities research analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 1.29 earnings per share for the current fiscal year.
Apollo Commercial Real Estate Finance Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.40 annualized dividend and a dividend yield of 10.76%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 123.89%.
Apollo Commercial Real Estate Finance Company 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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