Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 23.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,211 shares of the real estate investment trust’s stock after acquiring an additional 17,980 shares during the period. Penserra Capital Management LLC owned approximately 0.07% of Apollo Commercial Real Estate Finance worth $884,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ARI. Triad Wealth Partners LLC bought a new position in Apollo Commercial Real Estate Finance during the 2nd quarter valued at $43,000. Future Financial Wealth Managment LLC bought a new stake in Apollo Commercial Real Estate Finance in the third quarter worth about $44,000. EverSource Wealth Advisors LLC acquired a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $59,000. KBC Group NV boosted its position in shares of Apollo Commercial Real Estate Finance by 57.7% during the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,562 shares in the last quarter. Finally, Quest Partners LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 9,458 shares during the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI opened at $9.30 on Thursday. The business’s 50-day moving average is $9.06 and its 200-day moving average is $9.81. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $8.52 and a fifty-two week high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 10.76%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -108.69%.

Wall Street Analysts Forecast Growth

ARI has been the subject of a number of research reports. UBS Group reduced their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. reduced their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.63.

About Apollo Commercial Real Estate Finance

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.