BBR Partners LLC Invests $138,000 in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

BBR Partners LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the real estate investment trust’s stock, valued at approximately $138,000.

Several other institutional investors also recently bought and sold shares of ARI. Luxor Capital Group LP bought a new stake in Apollo Commercial Real Estate Finance during the second quarter valued at about $7,342,000. Van ECK Associates Corp lifted its position in shares of Apollo Commercial Real Estate Finance by 32.1% during the second quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock valued at $10,126,000 after buying an additional 251,280 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 72.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after buying an additional 196,122 shares in the last quarter. Quest Partners LLC grew its position in shares of Apollo Commercial Real Estate Finance by 960.9% in the 3rd quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock worth $934,000 after buying an additional 92,060 shares during the last quarter. Finally, Cetera Advisors LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 400.4% during the 1st quarter. Cetera Advisors LLC now owns 83,443 shares of the real estate investment trust’s stock worth $930,000 after acquiring an additional 66,768 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Trading Up 0.3 %

Shares of Apollo Commercial Real Estate Finance stock opened at $9.30 on Thursday. The stock has a market cap of $1.28 billion, a PE ratio of -10.10 and a beta of 1.75. The firm has a fifty day moving average price of $9.05 and a 200 day moving average price of $9.81. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $8.52 and a 1 year high of $12.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13.

Apollo Commercial Real Estate Finance Cuts Dividend

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

Analyst Upgrades and Downgrades

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

Apollo Commercial Real Estate Finance Company 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.