Barclays PLC raised its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 65.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,462 shares of the real estate investment trust's stock after buying an additional 130,892 shares during the quarter. Barclays PLC owned approximately 0.24% of Apollo Commercial Real Estate Finance worth $3,028,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd increased its stake in Apollo Commercial Real Estate Finance by 619.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 87,163 shares of the real estate investment trust's stock worth $801,000 after acquiring an additional 75,046 shares during the last quarter. Jane Street Group LLC increased its stake in Apollo Commercial Real Estate Finance by 139.4% during the 3rd quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust's stock worth $2,779,000 after buying an additional 176,101 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 1.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust's stock worth $5,314,000 after acquiring an additional 6,200 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Apollo Commercial Real Estate Finance in the 3rd quarter valued at approximately $143,000. Finally, BBR Partners LLC acquired a new stake in Apollo Commercial Real Estate Finance in the third quarter valued at $138,000. 54.43% of the stock is owned by hedge funds and other institutional investors.
ARI stock opened at $8.98 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The firm has a market cap of $1.24 billion, a PE ratio of -9.76 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.52 and a 12 month high of $12.74. The firm has a 50 day simple moving average of $9.05 and a 200 day simple moving average of $9.67.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.14%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance's payout ratio is -108.70%.
ARI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced 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. UBS Group reduced their target price on shares of 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, StockNews.com cut Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9.63.
Read Our Latest Report on 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.
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