Charles Schwab Investment Management Inc. Sells 22,068 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,101,289 shares of the real estate investment trust’s stock after selling 22,068 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $19,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 1.8% during the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after purchasing an additional 1,039 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Apollo Commercial Real Estate Finance by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 1,100 shares during the last quarter. PFG Investments LLC boosted its holdings in Apollo Commercial Real Estate Finance by 2.9% in the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 1,352 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 2.2% in the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock worth $620,000 after acquiring an additional 1,456 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Apollo Commercial Real Estate Finance by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock worth $688,000 after acquiring an additional 2,037 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Wall Street Analyst Weigh In

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

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI opened at $9.09 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.88 and a beta of 1.75. The stock has a 50-day moving average of $8.99 and a 200 day moving average of $9.76. Apollo Commercial Real Estate Finance, Inc. has a one year low of $8.52 and a one year high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 11.01%. Apollo Commercial Real Estate Finance’s payout ratio is -108.70%.

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.