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Truist Financial Corp cut its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI – Get Rating) by 99.5% in the third quarter, according to its latest Securities and Exchange Commission filings. Institutional investors owned 11,161 shares of real estate investment trust shares after selling 2,468,903 shares during the quarter. Truist Financial Corp’s Apollo Commercial Real Estate Finance holdings were valued at $92,000 at the end of the most recent quarter.
Several other big investors have also increased or decreased their stakes recently. Maryland State Retirement & Pension System increased its Apollo Commercial Real Estate Finance holdings by 1.6% in the second quarter. Maryland State Retirement & Pension System owns 54,031 shares of the real estate investment trust worth $564,000 after purchasing an additional 841 shares in the previous quarter. Mackenzie Financial Corp increased its holding in Apollo Commercial Real Estate Finance by 6.1% in the first quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust worth $209,000 after purchasing an additional 857 shares last quarter. H&H Retirement Design & Management INC increased its Apollo Commercial Real Estate Finance holdings by 3.6% in the third quarter. H&H Retirement Design & Management INC now owns 30,761 real estate investment trust shares worth $279,000 after purchasing an additional 1,060 shares last quarter. Koshinski Asset Management Inc. increased its holding in Apollo Commercial Real Estate Finance by 7.9% in the third quarter. Koshinski Asset Management Inc. now owns 16,779 real estate investment trust shares worth $139,000 after purchasing an additional 1,226 shares last quarter. Finally, CWM LLC increased its holding in Apollo Commercial Real Estate Finance by 100.9% in the second quarter. CWM LLC now owns 2,475 real estate investment trust shares worth $26,000 after purchasing an additional 1,243 shares last quarter. 54.57% of the shares are currently owned by hedge funds and other institutional investors.
Apollo Commercial Real Estate Financial Price Performance
ARI opened Friday at $12.00. The stock has a 50-day moving average price of $11.55 and a 200-day moving average price of $11.27. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $7.91 and a 12-month high of $14.55. The company has a current ratio of 22.02, a quick ratio of 22.02 and a debt to equity ratio of 0.62. The company has a market capitalization of $1.69 billion, a price/earnings ratio of 6.38 and a beta of 1.55.
Apollo Commercial Real Estate Finance Announces Dividend
The company recently announced a quarterly dividend, which was paid out on Friday, January 13th. Investors of record on Friday, December 30 were paid a dividend of $0.35 per share. This represents his $1.40 dividend and his 11.67% yield on an annualized basis. The ex-dividend date for this dividend was Thursday, December 29. Apollo Commercial Real Estate Finance has a payout rate of 74.47%.
Wall Street analyst opinion
Several brokerage firms publish reports on ARI. StockNews.com began covering Apollo Commercial Real Estate Finance in a research note on Wednesday, October 12th. They issued a “Hold” rating on the stock. JPMorgan Chase & Co. lowered its price target on Apollo Commercial Real Estate Finance from $11.00 to $9.50 and gave the stock an “underweight” rating in its research notes on Monday, Oct. 24. bottom. Bank of America reaffirmed its “neutral” rating and issued his $12.00 price target on shares of Apollo Commercial Real Estate Finance in a research note on Monday, Nov. 21. Credit Suisse Group lowered its price target for Apollo Commercial Real Estate Finance to his $11.00 in a research note on Thursday, Oct. 13. Finally, Bank of America (Bofa) began reporting on Apollo Commercial Real Estate Finance in its research notes on Tuesday, November 22nd. They issued a “neutral” rating and a price target of $12.00.
insider trading
In other news, CEO Stuart Rothstein purchased 15,000 shares of the company’s stock in a deal that took place on Monday, November 7th. Shares were purchased at an average price of $11.18 per share for a total of $167,700.00. After the purchase, the CEO now owns 452,676 shares in the company, valued at $5,060,917.68. The deal is disclosed in legal documents to the Securities and Exchange Commission, available on his website at the SEC. His 0.73% of shares are owned by corporate insiders.
Apollo Commercial Real Estate Finance Company Profile
(get rating)
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires, invests and manages commercial real estate mortgage loans, subordinated loans and other commercial real estate related debt investments. We offer loan programs that include senior loans, subordinated loans, bridge loans and preferred stock.
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Want to know which other hedge funds hold ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI – Get Rating).
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