BNP Paribas Financial Markets Has $503,000 Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

BNP Paribas Financial Markets lifted its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 89.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,705 shares of the real estate investment trust’s stock after purchasing an additional 25,784 shares during the quarter. BNP Paribas Financial Markets’ holdings in Apollo Commercial Real Estate Finance were worth $503,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Luxor Capital Group LP acquired a new position in Apollo Commercial Real Estate Finance during the second quarter worth $7,342,000. Van ECK Associates Corp boosted its stake in shares of Apollo Commercial Real Estate Finance by 32.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after acquiring an additional 251,280 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Apollo Commercial Real Estate Finance by 72.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after acquiring an additional 196,122 shares during the last quarter. Quest Partners LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 960.9% in the 3rd quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock valued at $934,000 after acquiring an additional 92,060 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Apollo Commercial Real Estate Finance by 36.1% in the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock valued at $2,204,000 after acquiring an additional 59,764 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 1.0 %

Shares of ARI stock opened at $9.16 on Friday. The stock has a 50 day moving average of $9.02 and a 200-day moving average of $9.72. The firm has a market cap of $1.27 billion, a PE ratio of -9.95 and a beta of 1.75. 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, Inc. has a 12 month low of $8.52 and a 12 month high of $12.74.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.69%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ARI shares. StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. UBS Group decreased their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.63.

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.