UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,410 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 380,700 shares of the real estate investment trust’s stock after selling 7,410 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.28% of Apollo Commercial Real Estate Finance worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ARI. Advisors Asset Management Inc. increased its position in Apollo Commercial Real Estate Finance by 72.0% in 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 in the last quarter. Van ECK Associates Corp grew its stake in shares of Apollo Commercial Real Estate Finance by 32.1% during the second quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock valued at $10,126,000 after purchasing an additional 251,280 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Apollo Commercial Real Estate Finance by 36.1% in the second quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock valued at $2,204,000 after purchasing an additional 59,764 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Apollo Commercial Real Estate Finance by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after purchasing an additional 20,801 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in Apollo Commercial Real Estate Finance by 960.9% during the 3rd quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock worth $934,000 after buying an additional 92,060 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI opened at $9.16 on Friday. The stock has a market capitalization of $1.27 billion, a PE ratio of -9.95 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.52 and a 1-year high of $12.74. The firm has a fifty day simple moving average of $9.02 and a 200 day simple moving average of $9.72. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group lowered their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.63.

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.