Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 619.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,163 shares of the real estate investment trust’s stock after purchasing an additional 75,046 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.06% of Apollo Commercial Real Estate Finance worth $801,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 1.8% in the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 1,039 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Apollo Commercial Real Estate Finance by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 1,100 shares during the period. PFG Investments LLC raised its position in Apollo Commercial Real Estate Finance by 2.9% in the 3rd quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 1,352 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Apollo Commercial Real Estate Finance by 2.2% during the 3rd quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock worth $620,000 after purchasing an additional 1,456 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Apollo Commercial Real Estate Finance by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock worth $688,000 after purchasing an additional 2,037 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI opened at $9.16 on Friday. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average is $9.02 and its two-hundred day moving average is $9.72. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.52 and a twelve month high of $12.74. The firm 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 Announces Dividend

The firm also recently disclosed 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 yield of 10.92%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -108.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARI. StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. UBS Group reduced 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 note on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance Company 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.