Everence Capital Management Inc. Has $221,000 Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Everence Capital Management Inc. increased its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 17.2% in the 3rd quarter, Holdings Channel reports. The firm owned 24,020 shares of the real estate investment trust’s stock after purchasing an additional 3,530 shares during the period. Everence Capital Management Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $221,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC lifted its holdings in Apollo Commercial Real Estate Finance by 400.4% in the 1st quarter. Cetera Advisors LLC now owns 83,443 shares of the real estate investment trust’s stock worth $930,000 after purchasing an additional 66,768 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Apollo Commercial Real Estate Finance by 32.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after purchasing an additional 251,280 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Apollo Commercial Real Estate Finance by 6.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,304 shares of the real estate investment trust’s stock worth $1,229,000 after purchasing an additional 6,720 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Apollo Commercial Real Estate Finance by 36.1% in the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock worth $2,204,000 after purchasing an additional 59,764 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 7.5% during the first quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 1,985 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was 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 in the company, valued at approximately $821,278.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on ARI shares. BTIG Research started coverage on Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They set a “neutral” rating for the company. JPMorgan Chase & Co. cut their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus target price of $9.88.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI opened at $8.68 on Wednesday. The business has a fifty day simple moving average of $9.63 and a 200 day simple moving average of $10.06. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -11.13, a PEG ratio of 1.93 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a one year low of $8.52 and a one year high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.52%. Apollo Commercial Real Estate Finance’s payout ratio is -128.21%.

Apollo Commercial Real Estate Finance Company Profile

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.