Triumph Capital Management Sells 22,778 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Triumph Capital Management cut its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 43.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,538 shares of the real estate investment trust’s stock after selling 22,778 shares during the period. Triumph Capital Management’s holdings in Apollo Commercial Real Estate Finance were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Atria Wealth Solutions Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 4.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 27,933 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 1,128 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 7.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,966 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 1,129 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 7.6% during the 3rd quarter. Private Advisor Group LLC now owns 23,032 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 1,620 shares during the period. Inspire Investing LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 8.7% during the 3rd quarter. Inspire Investing LLC now owns 30,264 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 2,434 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Apollo Commercial Real Estate Finance by 1.0% during the 3rd quarter. Swiss National Bank now owns 295,139 shares of the real estate investment trust’s stock worth $2,990,000 after acquiring an additional 3,000 shares during the period. 54.43% of the stock is owned by institutional investors.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the transaction, the chief executive officer now owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on ARI shares. JPMorgan Chase & Co. reduced their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Bank of America cut shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective for the company. in a research report on Monday, March 4th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.38.

Apollo Commercial Real Estate Finance Trading Up 3.8 %

Shares of NYSE:ARI opened at $10.00 on Thursday. Apollo Commercial Real Estate Finance, Inc. has a one year low of $9.22 and a one year high of $12.74. The company has a 50 day moving average of $10.90 and a 200-day moving average of $11.00. The company has a current ratio of 52.35, a quick ratio of 67.73 and a debt-to-equity ratio of 0.61.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 14.01%. The ex-dividend date of this dividend was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio is -179.49%.

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.