2 weeks Ago By ABMN Staff
Luxor Capital Group LP purchased a new stake in Apollo Commercial Real Estate Finance, Inc. ( NYSE:ARI – Free Report ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 750,000 shares of the real estate investment trust’s stock, valued at approximately $7,342,000.
Apollo Commercial Real Estate Finance accounts for 0.5% of Luxor Capital Group LP’s portfolio, making the stock its 16th largest position. Luxor Capital Group LP owned 0.
53% of Apollo Commercial Real Estate Finance as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds have also added to or reduced their stakes in ARI. Triad Wealth Partners LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the second quarter valued at about $43,000.
Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance in the 1st quarter valued at about $56,000. EverSource Wealth Advisors LLC acquired a new stake in Apollo Commercial Real Estate Finance during the second quarter worth approximately $59,000. Quest Partners LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 7,689.
4% during the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 9,458 shares during the period. Finally, Hollencrest Capital Management grew its position in shares of Apollo Commercial Real Estate Finance by 100.
0% in the first quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 54.
43% of the company’s stock. Analysts Set New Price Targets Several analysts recently issued reports on ARI shares. JPMorgan Chase & Co.
boosted their price target on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th.
BTIG Research began coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company.
According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.25.
Insider Transactions at Apollo Commercial Real Estate Finance In related news, Director Scott Prince sold 4,935 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.
20. Following the completion of the sale, the director now directly owns 81,154 shares in the company, valued at $821,278.48.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Company insiders own 0.68% of the company’s stock.
Apollo Commercial Real Estate Finance Stock Performance NYSE:ARI opened at $9.42 on Friday. The company has a quick ratio of 54.
21, a current ratio of 54.21 and a debt-to-equity ratio of 0.63.
The firm has a market capitalization of $1.34 billion, a PE ratio of -12.07, a price-to-earnings-growth ratio of 2.
15 and a beta of 1.76. Apollo Commercial Real Estate Finance, Inc.
has a twelve month low of $9.14 and a twelve month high of $12.74.
The stock’s 50-day simple moving average is $10.22 and its 200 day simple moving average is $10.36.
Apollo Commercial Real Estate Finance Cuts Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.25 per share.
This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.62%.
The ex-dividend date is Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is -128.21%.
Apollo Commercial Real Estate Finance Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Apollo Commercial Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Estate Finance and related companies with MarketBeat.com's FREE daily email newsletter .
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