MetLife Investment Management LLC Has $689,000 Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

MetLife Investment Management LLC cut its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,935 shares of the real estate investment trust’s stock after selling 7,070 shares during the quarter. MetLife Investment Management LLC’s holdings in Apollo Commercial Real Estate Finance were worth $689,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in Apollo Commercial Real Estate Finance by 72.0% during the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock worth $4,304,000 after buying an additional 196,122 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 400.4% during 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 increased its stake in shares of Apollo Commercial Real Estate Finance by 32.1% during 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. Victory Capital Management Inc. raised its holdings in shares of 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 valued at $2,204,000 after purchasing an additional 59,764 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Apollo Commercial Real Estate Finance by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 103,101 shares of the real estate investment trust’s stock valued at $1,149,000 after purchasing an additional 5,179 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ARI. JPMorgan Chase & Co. dropped their price objective on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. UBS Group decreased their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Finally, StockNews.com downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance has an average rating of “Hold” and a consensus price target of $9.63.

Apollo Commercial Real Estate Finance Price Performance

Apollo Commercial Real Estate Finance stock opened at $9.08 on Friday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -9.87 and a beta of 1.75. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.52 and a 12 month high of $12.74. The stock’s 50 day moving average is $8.99 and its 200-day moving average is $9.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.01%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is -108.69%.

Apollo Commercial Real Estate Finance 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.