BNP Paribas Financial Markets Has $503,000 Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

BNP Paribas Financial Markets grew its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 89.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,705 shares of the real estate investment trust’s stock after acquiring an additional 25,784 shares during the quarter. BNP Paribas Financial Markets’ holdings in Apollo Commercial Real Estate Finance were worth $503,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Apollo Commercial Real Estate Finance by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock valued at $10,522,000 after purchasing an additional 19,611 shares in the last quarter. Van ECK Associates Corp increased 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 valued at $10,126,000 after buying an additional 251,280 shares during the period. Luxor Capital Group LP acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $7,342,000. Advisors Asset Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 72.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock worth $4,304,000 after acquiring an additional 196,122 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Apollo Commercial Real Estate Finance by 5.8% during the 2nd quarter. Cetera Investment Advisers now owns 330,228 shares of the real estate investment trust’s stock worth $3,233,000 after acquiring an additional 18,150 shares during the period. Institutional investors and hedge funds own 54.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. lowered 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. Finally, StockNews.com downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. 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 Trading Down 1.0 %

Shares of ARI stock opened at $9.16 on Friday. The company has a market capitalization of $1.27 billion, a P/E ratio of -9.95 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $8.52 and a 12-month high of $12.74. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $9.02 and a 200 day moving average price of $9.72.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.92%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is currently -108.69%.

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.