Inspire Investing LLC Raises Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Inspire Investing LLC grew its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 12.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,188 shares of the real estate investment trust’s stock after buying an additional 4,045 shares during the period. Inspire Investing LLC’s holdings in Apollo Commercial Real Estate Finance were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hsbc Holdings PLC grew its stake in shares of Apollo Commercial Real Estate Finance by 22.0% in the 2nd quarter. Hsbc Holdings PLC now owns 19,225 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 3,463 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after buying an additional 20,801 shares in the last quarter. PFG Investments LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 3.4% in the 2nd quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 1,550 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 9,458 shares during the last quarter. Finally, Victory Capital Management Inc. lifted 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 worth $2,204,000 after acquiring an additional 59,764 shares during the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Trading Down 1.6 %

Shares of ARI opened at $9.65 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $9.14 and a 1-year high of $12.74. The company has a 50-day moving average of $10.33 and a 200 day moving average of $10.39. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -12.37, a PEG ratio of 2.15 and a beta of 1.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 54.21 and a quick ratio of 54.21.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Sunday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 10.36%. Apollo Commercial Real Estate Finance’s payout ratio is -128.21%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ARI shares. BTIG Research started coverage on shares of Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. raised their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.25.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.12, for a total transaction of $49,942.20. Following the completion of the sale, the director now owns 81,154 shares in the company, valued at approximately $821,278.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by company insiders.

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.