40,582 Shares in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) in the third quarter, HoldingsChannel reports. The fund acquired 40,582 shares of the real estate investment trust’s stock, valued at approximately $373,000.

A number of other hedge funds also recently added to or reduced their stakes in ARI. Price T Rowe Associates Inc. MD raised its holdings in Apollo Commercial Real Estate Finance by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 103,101 shares of the real estate investment trust’s stock worth $1,149,000 after purchasing an additional 5,179 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Apollo Commercial Real Estate Finance by 5.6% during the first quarter. Cetera Investment Advisers now owns 312,078 shares of the real estate investment trust’s stock valued at $3,477,000 after acquiring an additional 16,565 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 400.4% during the first quarter. Cetera Advisors LLC now owns 83,443 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 66,768 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 acquiring an additional 6,866 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the second quarter valued at about $43,000. 54.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARI has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. cut their price objective 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. Finally, StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $9.14 on Wednesday. The business’s 50 day moving average price is $9.01 and its 200 day moving average price is $9.77. The firm has a market cap of $1.26 billion, a P/E ratio of -9.93 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $8.52 and a 52 week 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.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.95%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.69%.

Apollo Commercial Real Estate Finance 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.