Jenkins Wealth Acquires New Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)
Jenkins Wealth acquired a new stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 60,583 shares of the real estate investment trust’s stock, valued at approximately $652,000.
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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its holdings in Apollo Commercial Real Estate Finance by 6.1% during the 1st quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 857 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Apollo Commercial Real Estate Finance by 6.0% in the 3rd quarter. Captrust Financial Advisors now owns 15,230 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 861 shares in the last quarter. H&H Retirement Design & Management INC raised its holdings in shares of Apollo Commercial Real Estate Finance by 3.6% in the 3rd quarter. H&H Retirement Design & Management INC now owns 30,761 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 1,060 shares in the last quarter. Samalin Investment Counsel LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% in the 3rd quarter. Samalin Investment Counsel LLC now owns 42,592 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 7.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 16,779 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 1,226 shares in the last quarter. Institutional investors own 54.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Bank Of America (Bofa) assumed coverage on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, November 22nd. They set a “neutral” rating and a $12.00 price objective for the company. StockNews.com assumed coverage on shares of Apollo Commercial Real Estate Finance in a research note on Thursday. They set a “hold” rating for the company. Finally, Bank of America reiterated a “neutral” rating and set a $12.00 price objective on shares of Apollo Commercial Real Estate Finance in a research note on Monday, November 21st.
Apollo Commercial Real Estate Finance Stock Down 4.8 %
NYSE:ARI opened at $8.99 on Friday. The company has a market cap of $1.27 billion, a PE ratio of 5.65 and a beta of 1.61. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $7.91 and a twelve month high of $14.55. The company has a current ratio of 36.70, a quick ratio of 36.70 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $11.46 and its two-hundred day moving average is $11.09.
Apollo Commercial Real Estate Finance Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 15.57%. The ex-dividend date of this dividend is Thursday, March 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 88.05%.
Apollo Commercial Real Estate Finance Profile
Apollo Commercial Real Estate Finance, Inc engages in the provision of real estate investment trust. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.
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