Luxor Capital Group LP Invests $7.34 Million in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Luxor Capital Group LP bought a new stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the second quarter, Holdings Channel reports. The institutional investor bought 750,000 shares of the real estate investment trust’s stock, valued at approximately $7,342,000. Apollo Commercial Real Estate Finance comprises 0.5% of Luxor Capital Group LP’s holdings, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth about $43,000. Future Financial Wealth Managment LLC purchased a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth $56,000. EverSource Wealth Advisors LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth $59,000. Quest Partners LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 9,458 shares during the last quarter. Finally, Hollencrest Capital Management lifted its position in shares of Apollo Commercial Real Estate Finance by 100.0% during the first quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 5,000 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARI has been the topic of several recent analyst reports. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.25.

Apollo Commercial Real Estate Finance Trading Up 0.2 %

Shares of ARI opened at $9.42 on Friday. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $9.14 and a fifty-two week high of $12.74. The business has a 50-day moving average of $10.22 and a 200 day moving average of $10.36. The firm has a market cap of $1.34 billion, a P/E ratio of -12.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 54.21 and a current ratio of 54.21.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.62%. Apollo Commercial Real Estate Finance’s payout ratio is -128.21%.

Insider Activity

In related news, Director Scott Prince sold 4,935 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total value of $49,942.20. Following the completion of the transaction, the director now directly owns 81,154 shares of the company’s stock, valued at approximately $821,278.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

About Apollo Commercial Real Estate Finance

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.