MetLife Investment Management LLC Has $689,000 Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

MetLife Investment Management LLC cut its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,935 shares of the real estate investment trust’s stock after selling 7,070 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Apollo Commercial Real Estate Finance worth $689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 1.8% in the 2nd quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 1,039 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Apollo Commercial Real Estate Finance by 1.7% in 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 purchasing an additional 1,100 shares in the last quarter. PFG Investments LLC raised 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 purchasing an additional 1,352 shares during the period. QRG Capital Management Inc. raised 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 purchasing an additional 1,456 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Apollo Commercial Real Estate Finance by 3.0% during 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 purchasing an additional 2,037 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ARI. UBS Group dropped their price objective on 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. StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

ARI opened at $9.08 on Friday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -9.87 and a beta of 1.75. The business’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $9.75. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $8.52 and a 1 year high of $12.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13.

Apollo Commercial Real Estate Finance Cuts Dividend

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