SVB Wealth LLC Makes New Investment in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

SVB Wealth LLC bought a new stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,623 shares of the real estate investment trust’s stock, valued at approximately $196,000.

Other hedge funds have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter valued at $56,000. Naples Money Management LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at $64,000. Hollencrest Capital Management raised its stake in shares of Apollo Commercial Real Estate Finance by 100.0% in the first quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 5,000 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at $132,000. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Apollo Commercial Real Estate Finance during the 1st quarter valued at $137,000. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Price Performance

ARI opened at $10.95 on Wednesday. The stock has a 50-day moving average price of $10.21 and a 200-day moving average price of $10.65. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $9.14 and a 12-month high of $12.74. The company has a current ratio of 52.35, a quick ratio of 52.35 and a debt-to-equity ratio of 0.61.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.79%. The ex-dividend date of this dividend was Friday, June 28th. Apollo Commercial Real Estate Finance’s payout ratio is currently -179.49%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ARI. BTIG Research began coverage on Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price objective on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods decreased their price objective on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.25.

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.