Carolina Wealth Advisors LLC Acquires $292,000 Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Financial Advisors


Carolina Wealth Advisors LLC purchased new shares in Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI – Get Rating) in the first quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission. About. The institutional investor purchased 31,391 shares of the real estate investment trust, worth approximately $292,000.

Several other institutional investors and hedge funds have also recently changed their positions in ARI. Norges Bank acquired a new stake in Apollo Commercial Real Estate Finance in the fourth quarter for a value of approximately $14,510,000. Millennium Management LLC increased his position in shares of Apollo Commercial Real Estate Finance by 2,442.4% in the fourth quarter. Millennium Management LLC purchased an additional 873,466 shares last quarter and now owns 909,229 real estate investment trust shares valued at $9,783,000. Arete Wealth Advisors LLC purchased new shares of Apollo Commercial Real Estate Finance worth approximately $5,909.93 billion during the fourth quarter. Renaissance Technologies LLC increased its equity position in Apollo Commercial Real Estate Finance by 983.3% in the first quarter. Renaissance Technologies LLC purchased an additional 549,100 shares last quarter and now owns 604,940 real estate investment trust shares valued at $8,427,000. Finally, Invesco Ltd. increased its position in shares of Apollo Commercial Real Estate Finance by 24.6% during the first quarter. Invesco purchased an additional 536,101 shares last quarter and now owns 2,715,545 real estate investment trust shares valued at $37,827,000. Institutional investors and hedge funds hold 55.66% of the company’s shares.

Wall Street analyst speaks out

Several equity research analysts recently commented on the company. JPMorgan Chase lowered its price target on Apollo Commercial Real Estate Finance from $11.00 to $9.00 in a research report on Monday, April 24. BTIG Research reiterated its Neutral rating on Apollo Commercial Real Estate Finance shares in a research report on Tuesday, April 25. StockNews.com undertook coverage of Apollo Commercial Real Estate Finance in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods lowered its price target on Apollo Commercial Real Estate Finance from $11.50 to $10.00, setting a ‘market performance’ rating for the stock in its Thursday, April 13 report. bottom. One research analyst rated the stock as a sell, while five gave it a hold. MarketBeat data shows the stock currently has an average valuation of “Hold” and a consensus price target of $10.80.

Insider Trading in Apollo Commercial Real Estate Finance

In related news, Director Robert A. Kasdin acquired 25,000 shares in the Monday, May 8th transaction. The shares were bought at an average price of $9.54 per share, giving him a total of $238,500.00. Following the closing of the acquisition, the directors will own directly 85,739 shares of the company, valued at approximately $817,950.06. The acquisition is disclosed in his SEC filings, available at this hyperlink. Insiders own 0.61% of the company’s stock.

Apollo Commercial Real Estate Finance shares drop 2.7%

NYSE: ARI fell $0.30 to $10.72 on Friday. The trading volume for this stock was 327,506 shares for him and the average volume was 1,140 for him, 609 shares. The company has a market capitalization of $1.52 billion, a P/E of 5.91 times, and a beta of 1.59 times. Apollo Commercial Real Estate Finance hit a 52-week low of $7.91 and a 52-week high of $13.10. His 50-day moving average for this company is $10.14 and his 200-day moving average is $10.67. The company has a quick ratio of 42.44, a current ratio of 42.44 and a debt to equity ratio of 0.63.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend to be paid on Friday, July 14th. Shareholders of record on Friday, June 30 will be paid his $0.35 dividend. This equates to an annualized dividend of $1.40 and a dividend yield of 13.06%. The ex-dividend date for this dividend will be June 29 (Thursday). Apollo Commercial Real Estate Finance currently has a dividend payout ratio (DPR) of 76.50%.

About Apollo Commercial Real Estate Finance

(get rating)

Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests and manages commercial first mortgages, subordinated loans and other commercial real estate related fixed income investments in the United States. . Certified as a REIT under the Internal Revenue Code.

References

Apollo Commercial Real Estate Finance Quarterly Institutional Ownership (NYSE:ARI)

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