Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Position Lessened by Mirae Asset Global Investments Co. Ltd.

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Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 61.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 698,425 shares of the real estate investment trust’s stock after selling 1,101,949 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.50% of Apollo Commercial Real Estate Finance worth $9,729,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in shares of Apollo Commercial Real Estate Finance by 83.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,200 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,000 shares during the last quarter. Covestor Ltd acquired a new position in Apollo Commercial Real Estate Finance during the 4th quarter valued at about $41,000. Selective Wealth Management Inc. bought a new position in Apollo Commercial Real Estate Finance in the 1st quarter worth about $60,000. Point72 Hong Kong Ltd bought a new stake in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $123,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Apollo Commercial Real Estate Finance by 5.9% during the fourth quarter. CIBC Asset Management Inc now owns 17,817 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 990 shares during the last quarter. 57.62% of the stock is owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Trading Down 1.8 %

Shares of NYSE:ARI opened at $12.59 on Friday. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.41 and a twelve month high of $15.98. The company has a current ratio of 38.24, a quick ratio of 38.25 and a debt-to-equity ratio of 3.09. The firm has a market cap of $1.77 billion, a P/E ratio of 11.14 and a beta of 1.34. The company has a 50 day moving average of $11.38 and a 200-day moving average of $12.49.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business earned $0.38 earnings per share. As a group, analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 1.29 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date of this dividend was Wednesday, June 29th. Apollo Commercial Real Estate Finance’s payout ratio is currently 123.89%.

Analyst Upgrades and Downgrades

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

Apollo Commercial Real Estate Finance Profile

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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.