Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) acquired by Cetera Investment Advisers

VaselineAugust 10, 2024

0 3 minutes read

Cetera Investment Advisers boosted its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,078 shares of the real estate investment trust’s stock after purchasing an additional 16,565 shares during the period. Cetera Investment Advisers’ holdings in Apollo Commercial Real Estate Finance were worth $3,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,777 shares of the real estate investment trust’s stock valued at $23,031,000 after buying an additional 120,055 shares during the period. Norges Bank acquired a new stake in Apollo Commercial Real Estate Finance during the fourth quarter valued at $12,006,000. Mirae Asset Global Investments Co. Ltd. raised its position in Apollo Commercial Real Estate Finance by 11.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after purchasing an additional 78,833 shares during the period. Van ECK Associates Corp boosted its stake in Apollo Commercial Real Estate Finance by 2.7% in the first quarter. Van ECK Associates Corp now owns 783,036 shares of the real estate investment trust’s stock valued at $8,723,000 after purchasing an additional 20,957 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab AS raised its stake in shares of Apollo Commercial Real Estate Finance by 20.9% in the first quarter. BI Asset Management Fondsmaeglerselskab AS now owns 182,895 shares of the real estate investment trust’s stock valued at $2,037,000 after purchasing an additional 31,572 shares during the last quarter. 54.43% of the shares are currently held by institutional investors and hedge funds.

Analysts on Wall Street are forecasting an increase

A number of analysts have recently issued reports on ARI shares. Keefe, Bruyette & Woods cut their price objective on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Wednesday , May 1. JPMorgan Chase & Co. boosted their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Finally, BTIG Research initiated coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating on the company. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.25.

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Read the latest stock analysis on ARI

Apollo Commercial Real Estate Finance stock rose 0.7%

Shares of NYSE ARI traded up $0.07 during mid-day trading on Friday, reaching $10.24. The company had a trading volume of 1,059,079 shares, compared to its average volume of 858,881. The company has a market cap of $1.46 billion, a PE ratio of -13.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.75. The company’s 50-day simple moving average is $10.24 and its 200-day simple moving average is $10.60. 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 debt-to-equity ratio of 0.61, a current ratio of 52.35, and a quick ratio of 52.35.

Apollo Commercial Real Estate Finance announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.35 per share. This represents a dividend of $1.40 on an annualized basis and a dividend yield of 13.67%. The ex-dividend date was Friday, June 28. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Apollo Commercial Real Estate Finance Profile

(Free report)

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests and manages commercial mortgage loans, subordinated financings and other commercial real estate debt investments in the United States, the United Kingdom and Europe.