EMC Capital Management Boosts Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

EMC Capital Management increased its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 272.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,089 shares of the real estate investment trust’s stock after buying an additional 10,303 shares during the quarter. EMC Capital Management’s holdings in Apollo Commercial Real Estate Finance were worth $122,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter worth about $44,000. KBC Group NV lifted its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% in the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,562 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $93,000. International Assets Investment Management LLC purchased a new position in Apollo Commercial Real Estate Finance during the third quarter valued at approximately $1,130,000. Finally, Algert Global LLC bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $133,000. 54.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ARI. JPMorgan Chase & Co. reduced their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group dropped their price target on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.31.

Apollo Commercial Real Estate Finance Price Performance

ARI opened at $8.89 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 has a market capitalization of $1.23 billion, a P/E ratio of -9.66 and a beta of 1.74. The stock has a 50-day moving average price of $9.00 and a 200-day moving average price of $9.46. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $11.64.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is currently -108.69%.

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.