Raiff Partners Inc. Has $2,078,000 Stake in Apollo Commercial Real Estate Finance (ARI)

Raiff Partners Inc. cut its stake in Apollo Commercial Real Estate Finance (NYSE:ARI) by 16.7% during the fourth quarter, Holdings Channel reports. The fund owned 125,000 shares of the real estate investment trust’s stock after selling 25,000 shares during the period. Apollo Commercial Real Estate Finance comprises approximately 5.1% of Raiff Partners Inc.’s investment portfolio, making the stock its 8th largest position. Raiff Partners Inc. owned 0.15% of Apollo Commercial Real Estate Finance worth $2,078,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Apollo Commercial Real Estate Finance by 19.5% in the third quarter. Bank of Montreal Can now owns 6,355 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 1,036 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Apollo Commercial Real Estate Finance by 22.3% in the third quarter. Great West Life Assurance Co. Can now owns 6,848 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 1,248 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 8.3% in the third quarter. PNC Financial Services Group Inc. now owns 7,034 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 540 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Apollo Commercial Real Estate Finance by 30.4% in the second quarter. IFP Advisors Inc now owns 9,105 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 2,123 shares during the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at $172,000. 50.64% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Apollo Commercial Real Estate Finance (NYSE:ARI)

Apollo Commercial Real Estate Finance (NYSE:ARI) traded down 0.06% during midday trading on Tuesday, reaching $17.68. The company’s stock had a trading volume of 660,101 shares. The firm has a 50 day moving average price of $17.21 and a 200-day moving average price of $16.81. Apollo Commercial Real Estate Finance has a 12-month low of $15.31 and a 12-month high of $18.10. The company has a market cap of $1.43 billion, a P/E ratio of 12.43 and a beta of 0.63.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.41%. The ex-dividend date of this dividend was Wednesday, December 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 132.38%.

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Several brokerages recently weighed in on ARI. Bank of America Corporation cut Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 21st. TheStreet raised Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Finally, Zacks Investment Research cut Apollo Commercial Real Estate Finance from a “buy” rating to a “sell” rating in a research note on Tuesday, December 27th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.50.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (ARI) is a real estate investment trust (REIT). The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

5 Day Chart for NYSE:ARI

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Estate Finance (NYSE:ARI).

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