State of Alaska Department of Revenue Sells 4,156 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

State of Alaska Department of Revenue lessened its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 5.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 72,633 shares of the real estate investment trust’s stock after selling 4,156 shares during the quarter. State of Alaska Department of Revenue’s holdings in Apollo Commercial Real Estate Finance were worth $667,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ARI. Wealth Enhancement Advisory Services LLC raised its position in Apollo Commercial Real Estate Finance by 46.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 42,224 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 13,348 shares during the last quarter. PFG Investments LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 2.9% during the 3rd quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock valued at $446,000 after acquiring an additional 1,352 shares during the period. International Assets Investment Management LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at approximately $1,130,000. Private Advisor Group LLC boosted its stake in Apollo Commercial Real Estate Finance by 9.0% in the 3rd quarter. Private Advisor Group LLC now owns 28,872 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 2,382 shares during the period. Finally, Everence Capital Management Inc. boosted its stake in Apollo Commercial Real Estate Finance by 17.2% in the 3rd quarter. Everence Capital Management Inc. now owns 24,020 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 3,530 shares during the period. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 2.4 %

Apollo Commercial Real Estate Finance stock opened at $9.11 on Thursday. The stock has a 50-day moving average of $9.33 and a two-hundred day moving average of $9.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. Apollo Commercial Real Estate Finance, Inc. has a one year low of $8.52 and a one year high of $12.74. The stock has a market cap of $1.26 billion, a PE ratio of -9.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 10.98%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is -108.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ARI shares. StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday. JPMorgan Chase & Co. dropped their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Finally, BTIG Research started coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.88.

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.