Palogic Value Management L.P. Acquires 7,701 Shares of Apollo Commercial Real Estate Finance $ARI

Palogic Value Management L.P. increased its holdings in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 6.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 127,835 shares of the real estate investment trust’s stock after purchasing an additional 7,701 shares during the period. Palogic Value Management L.P. owned 0.09% of Apollo Commercial Real Estate Finance worth $1,223,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC lifted its position in Apollo Commercial Real Estate Finance by 4.2% during the first quarter. Private Advisor Group LLC now owns 26,453 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 1,078 shares during the last quarter. CWM LLC lifted its position in Apollo Commercial Real Estate Finance by 39.2% during the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,087 shares during the last quarter. AlphaCore Capital LLC lifted its position in Apollo Commercial Real Estate Finance by 2.8% during the fourth quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 1,118 shares during the last quarter. PFG Investments LLC lifted its position in Apollo Commercial Real Estate Finance by 2.5% during the first quarter. PFG Investments LLC now owns 50,764 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Apollo Commercial Real Estate Finance by 57.9% during the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,256 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARI has been the subject of several research reports. UBS Group raised their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.31.

Apollo Commercial Real Estate Finance Stock Up 1.4%

NYSE ARI opened at $10.60 on Friday. The company has a current ratio of 98.25, a quick ratio of 98.25 and a debt-to-equity ratio of 0.66. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $10.61. The company has a 50 day moving average of $9.95 and a 200-day moving average of $9.69. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -75.68, a PEG ratio of 0.30 and a beta of 1.50.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date was Monday, June 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -714.29%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $9.83, for a total transaction of $511,887.42. Following the sale, the chief executive officer directly owned 333,854 shares in the company, valued at $3,281,784.82. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by insiders.

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.