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lpine Global Management LLC acquired a new position in Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) shares during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,690 shares valued at approximately $560,000.
Other large investors also made significant changes to their stakes in ARI during the same period. Barclays PLC increased its position by 65.9% and now owns 329,462 shares worth $3,028,000. Diversify Wealth Management LLC acquired a new stake of about $129,000, while SG Americas Securities LLC purchased a new stake valued at approximately $93,000.
Inspire Investing LLC raised its position in Apollo Commercial Real Estate Finance by 3.0% and now owns 46,143 shares worth $400,000. AM Investment Strategies LLC also increased its stake by 2.8%, owning 111,498 shares valued at $966,000.
Institutional investors currently own approximately 54.43% of ARI's stock. Apollo Commercial Real Estate Finance has a market cap of $1.33 billion and a P/E ratio of -10.11. The company has a current ratio of 51.19 and a debt-to-equity ratio of 0.67.
Apollo Commercial Real Estate Finance recently announced a quarterly dividend, paying $0.25 per share to investors on record as of March 31st. This represents an annualized dividend of $1.00 and a yield of 10.42%. The ex-dividend date was March 31st.
Analysts have issued various ratings for ARI shares. UBS Group reiterated a "neutral" rating with a target price of $10.00, while BTIG Research upgraded the stock to "buy" with a target price of $11.00. Keefe, Bruyette & Woods increased its target price from $10.00 to $10.50 and gave the company an "outperform" rating.
Insiders have sold 73,074 shares worth $724,579 over the last ninety days. Apollo Commercial Real Estate Finance 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.
The company has a 12-month low of $7.70 and a 12-month high of $11.20. The stock's price opened at $9.60 on Friday.
