BlackRock Institutional Trust Company N.A. raised its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,714,487 shares of the real estate investment trust’s stock after buying an additional 30,385 shares during the period. BlackRock Institutional Trust Company N.A. owned approximately 2.55% of Apollo Commercial Real Estate Finance worth $27,946,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ARI. IFP Advisors Inc increased its stake in Apollo Commercial Real Estate Finance by 1,282.6% in the first quarter. IFP Advisors Inc now owns 6,982 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 6,477 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at $276,000. Sigma Planning Corp increased its stake in Apollo Commercial Real Estate Finance by 17.0% in the first quarter. Sigma Planning Corp now owns 20,205 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 2,930 shares during the last quarter. Alpha Windward LLC purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at $398,000. Finally, BlackRock Group LTD increased its stake in Apollo Commercial Real Estate Finance by 44.3% in the first quarter. BlackRock Group LTD now owns 27,525 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 8,445 shares during the last quarter.
Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) traded up 0.06% during midday trading on Tuesday, hitting $16.53. The company had a trading volume of 612,332 shares. The company has a market cap of $1.11 billion and a price-to-earnings ratio of 13.21. Apollo Commercial Real Estate Finance has a 12 month low of $12.92 and a 12 month high of $18.25. The stock’s 50-day moving average price is $16.27 and its 200-day moving average price is $16.04.
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 11.13%. The ex-dividend date of this dividend was Tuesday, June 28th.
Several equities research analysts have recently weighed in on ARI shares. Zacks Investment Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, March 28th. Wells Fargo & Co. downgraded Apollo Commercial Real Estate Finance from a “market perform” rating to an “underperform” rating in a report on Monday, April 11th. TheStreet downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, Keefe, Bruyette & Woods increased their price objective on Apollo Commercial Real Estate Finance from $17.50 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, June 1st.
Apollo Commercial Real Estate Finance, Inc (ARI) is a real estate investment trust (REIT). The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.
