Diversify Wealth Management LLC Invests $129,000 in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Diversify Wealth Management LLC bought a new stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the real estate investment trust’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 139.4% in the 3rd quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after purchasing an additional 176,101 shares during the period. Barclays PLC grew its position in Apollo Commercial Real Estate Finance by 65.9% in the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after acquiring an additional 130,892 shares during the period. Advisors Asset Management Inc. raised its stake in Apollo Commercial Real Estate Finance by 72.0% during the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock worth $4,304,000 after acquiring an additional 196,122 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock valued at $2,760,000 after acquiring an additional 20,801 shares during the period. Finally, Quest Partners LLC boosted 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 purchasing an additional 92,060 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ARI. Keefe, Bruyette & Woods cut their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. UBS Group cut 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. Finally, StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and an average target price of $9.31.

Apollo Commercial Real Estate Finance Stock Performance

ARI opened at $8.90 on Friday. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -9.67 and a beta of 1.74. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $11.97. The business has a 50 day moving average of $9.02 and a 200-day moving average of $9.51.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 11.24%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) 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.