UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.50 Million Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,700 shares of the real estate investment trust’s stock after selling 7,410 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Apollo Commercial Real Estate Finance were worth $3,499,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ARI. Wealth Enhancement Advisory Services LLC raised its position in Apollo Commercial Real Estate Finance by 31.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,876 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 6,866 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $43,000. Louisiana State Employees Retirement System raised its holdings in shares of Apollo Commercial Real Estate Finance by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 1,100 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Apollo Commercial Real Estate Finance by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock worth $10,522,000 after buying an additional 19,611 shares in the last quarter. Finally, AM Investment Strategies LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 42.9% during the 2nd quarter. AM Investment Strategies LLC now owns 89,994 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 27,038 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Stock Down 1.0 %

Apollo Commercial Real Estate Finance stock opened at $9.16 on Friday. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average price is $9.02 and its two-hundred day moving average price is $9.72. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -9.95 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.52 and a 1-year high of $12.74.

Apollo Commercial Real Estate Finance Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.