AlphaCore Capital LLC Grows Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

AlphaCore Capital LLC boosted its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,119 shares of the real estate investment trust’s stock after purchasing an additional 1,118 shares during the quarter. AlphaCore Capital LLC’s holdings in Apollo Commercial Real Estate Finance were worth $366,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Alpine Global Management LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $560,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Apollo Commercial Real Estate Finance by 18.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 449,676 shares of the real estate investment trust’s stock valued at $3,894,000 after purchasing an additional 68,976 shares in the last quarter. ProShare Advisors LLC raised its stake in Apollo Commercial Real Estate Finance by 41.1% during the fourth quarter. ProShare Advisors LLC now owns 41,532 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 12,090 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the fourth quarter valued at $31,684,000. Finally, Nuveen Asset Management LLC raised its stake in Apollo Commercial Real Estate Finance by 26.5% during the fourth quarter. Nuveen Asset Management LLC now owns 666,730 shares of the real estate investment trust’s stock valued at $5,774,000 after purchasing an additional 139,643 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Analyst Ratings Changes

ARI has been the topic of several recent research reports. UBS Group restated a “neutral” rating and set a $10.00 target price (up from $9.00) on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday. JMP Securities restated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. Wall Street Zen downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods upped their price objective on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Finally, BTIG Research upgraded Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.13.

Insiders Place Their Bets

In related news, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total value of $94,800.00. Following the transaction, the director now owns 60,787 shares of the company’s stock, valued at $576,260.76. This trade represents a 14.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total transaction of $109,560.00. Following the completion of the transaction, the director now directly owns 9,624 shares in the company, valued at $95,855.04. This represents a 53.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,074 shares of company stock worth $724,579 over the last quarter. Company insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 0.4%

Shares of NYSE ARI opened at $9.64 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. The business’s 50 day moving average price is $9.22 and its 200-day moving average price is $9.27. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $7.70 and a fifty-two week high of $11.20. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -10.14 and a beta of 1.49.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.38%. Apollo Commercial Real Estate Finance’s payout ratio is -3,333.33%.

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.