New Age Alpha Advisors LLC Acquires New Stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

New Age Alpha Advisors LLC bought a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 183,183 shares of the real estate investment trust’s stock, valued at approximately $1,586,000. New Age Alpha Advisors LLC owned approximately 0.13% of Apollo Commercial Real Estate Finance at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth $3,360,000. JPMorgan Chase & Co. boosted its holdings in Apollo Commercial Real Estate Finance by 130.1% during the fourth quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust’s stock worth $4,164,000 after buying an additional 271,908 shares in the last quarter. Jane Street Group LLC boosted its holdings in Apollo Commercial Real Estate Finance by 139.4% during the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock worth $2,779,000 after buying an additional 176,101 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Apollo Commercial Real Estate Finance by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust’s stock worth $19,601,000 after buying an additional 162,089 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Apollo Commercial Real Estate Finance by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust’s stock valued at $131,949,000 after buying an additional 135,785 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total transaction of $109,560.00. Following the completion of the sale, the director now directly owns 9,624 shares in the company, valued at approximately $95,855.04. This trade represents a 53.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.99, for a total value of $520,219.26. Following the sale, the chief executive officer now directly owns 385,928 shares of the company’s stock, valued at approximately $3,855,420.72. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Apollo Commercial Real Estate Finance Trading Down 1.7 %

NYSE ARI opened at $9.66 on Monday. The firm’s 50 day moving average price is $9.64 and its two-hundred day moving average price is $9.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.44 and a twelve month high of $11.20. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -10.16 and a beta of 1.74.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. Equities analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 0.63 EPS for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.36%. Apollo Commercial Real Estate Finance’s dividend payout ratio is -105.26%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARI. StockNews.com raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Keefe, Bruyette & Woods decreased their price target on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Finally, UBS Group boosted their price objective on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and an average target price of $9.08.

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.