Mutual of America Capital Management LLC Purchases 1,069 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

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Mutual of America Capital Management LLC increased its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Rating) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,036 shares of the real estate investment trust’s stock after purchasing an additional 1,069 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Apollo Commercial Real Estate Finance were worth $265,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ARI. Allspring Global Investments Holdings LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at $35,165,000. Mirae Asset Global Investments Co. Ltd. increased its position in Apollo Commercial Real Estate Finance by 154.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,800,374 shares of the real estate investment trust’s stock worth $23,693,000 after purchasing an additional 1,093,275 shares during the period. Invesco Ltd. boosted its holdings in Apollo Commercial Real Estate Finance by 10.5% during the fourth quarter. Invesco Ltd. now owns 2,179,444 shares of the real estate investment trust’s stock worth $28,681,000 after buying an additional 207,483 shares during the last quarter. Yousif Capital Management LLC bought a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth about $1,576,000. Finally, Arete Wealth Advisors LLC bought a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth about $1,368,000. 57.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, April 25th. Credit Suisse Group lowered their price target on Apollo Commercial Real Estate Finance to $13.00 in a research report on Friday, July 22nd.

Apollo Commercial Real Estate Finance Stock Down 0.8 %

ARI stock opened at $12.68 on Tuesday. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.22 and a beta of 1.34. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $9.41 and a fifty-two week high of $15.98. The company has a debt-to-equity ratio of 3.09, a current ratio of 38.24 and a quick ratio of 38.25. The business’s fifty day moving average price is $11.31 and its two-hundred day moving average price is $12.56.

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a return on equity of 8.22% and a net margin of 71.47%. During the same period last year, the firm earned $0.38 EPS. On average, equities analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 1.25 earnings per share for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.04%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 123.89%.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 10,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $12.68, for a total value of $126,800.00. Following the completion of the sale, the director now directly owns 65,663 shares in the company, valued at $832,606.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by corporate insiders.

About Apollo Commercial Real Estate Finance

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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. It is qualified as a REIT under the Internal Revenue Code.

See Also

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