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MR LLC reduced its stake in Apollo Commercial Real Estate Finance (ARI) by 84.7% in Q3, according to its latest Form 13F filing with the SEC. The institutional investor owned 14,936 shares after selling 82,964 shares during the quarter, valued at $137,000. Other investors have also made changes to their stakes in ARI.
AQR Capital Management LLC increased its holdings by 1.8% in Q2 and now owns 59,621 shares worth $584,000. Louisiana State Employees Retirement System grew its stake by 1.7% in the same quarter, owning 65,800 shares valued at $644,000. PFG Investments LLC raised its stake by 2.9% in Q3, owning 48,584 shares worth $446,000.
Institutional investors own 54.43% of ARI's stock. Analysts have set new price targets for the company, with UBS Group decreasing its target from $10 to $9.50 and JPMorgan Chase & Co. lowering its target from $9.50 to $8.50.
Apollo Commercial Real Estate Finance traded down 0.7% on Monday, hitting $8.98. The stock has a market capitalization of $1.24 billion and a price-to-earnings ratio of -9.76. The company announced a quarterly dividend of $0.25 per share, representing an annualized dividend of $1.00.
Apollo Commercial Real Estate Finance operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans and other debt investments in the US, UK, and Europe.
