Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 21.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,391,964 shares of the real estate investment trust’s stock after selling 372,460 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Apollo Commercial Real Estate Finance were worth $12,792,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp grew its holdings in Apollo Commercial Real Estate Finance by 2.7% during the first quarter. Van ECK Associates Corp now owns 783,036 shares of the real estate investment trust’s stock worth $8,723,000 after acquiring an additional 20,957 shares during the period. Private Advisor Group LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 73.2% during the 1st quarter. Private Advisor Group LLC now owns 39,901 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 16,862 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter valued at approximately $169,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Apollo Commercial Real Estate Finance by 11.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after purchasing an additional 78,833 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Apollo Commercial Real Estate Finance by 75.8% during the first quarter. BNP Paribas Financial Markets now owns 70,810 shares of the real estate investment trust’s stock worth $789,000 after buying an additional 30,540 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Apollo Commercial Real Estate Finance Trading Down 0.5 %

Shares of Apollo Commercial Real Estate Finance stock opened at $8.82 on Friday. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.52 and a twelve month high of $12.74. The firm’s 50-day moving average price is $9.55 and its 200 day moving average price is $10.03. 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 $1.25 billion, a PE ratio of -11.31, a P/E/G ratio of 1.93 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.34%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -128.21%.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the 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 of the company’s stock, valued at approximately $821,278.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.68% of the company’s stock.

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.