Hollencrest Capital Management Decreases Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Hollencrest Capital Management reduced its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 50.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. Hollencrest Capital Management’s holdings in Apollo Commercial Real Estate Finance were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in shares of Apollo Commercial Real Estate Finance by 9.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,746 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 2,204 shares in the last quarter. Inceptionr LLC increased its position in Apollo Commercial Real Estate Finance by 114.1% during the fourth quarter. Inceptionr LLC now owns 23,018 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 12,269 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth $578,000. Victory Capital Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 252,609 shares of the real estate investment trust’s stock worth $2,188,000 after acquiring an additional 44,492 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust’s stock valued at $19,601,000 after acquiring an additional 162,089 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 11,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total transaction of $109,560.00. Following the transaction, the director now directly owns 9,624 shares of the company’s stock, valued at $95,855.04. The trade was a 53.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by company insiders.

Apollo Commercial Real Estate Finance Trading Up 1.0 %

NYSE ARI opened at $9.89 on Thursday. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.44 and a 12 month high of $11.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. The company has a 50-day moving average of $9.39 and a 200-day moving average of $9.31. The company has a market cap of $1.37 billion, a P/E ratio of -10.41 and a beta of 1.74.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, equities analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.12%. The ex-dividend date of this dividend is Monday, March 31st. Apollo Commercial Real Estate Finance’s payout ratio is currently -105.26%.

Analyst Ratings Changes

A number of research firms recently commented on ARI. UBS Group lifted their price objective on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods lowered their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.08.

Apollo Commercial Real Estate Finance 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.