Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Sells $424,000.00 in Stock

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the transaction, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Apollo Commercial Real Estate Finance Stock Up 1.9 %

Shares of NYSE ARI opened at $10.72 on Friday. The stock has a market cap of $1.52 billion, a P/E ratio of 35.73 and a beta of 1.67. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $9.13 and a 12-month high of $12.74. The business’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $10.96.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.06%. The ex-dividend date was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s payout ratio is currently 466.67%.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. acquired a new stake in shares of Apollo Commercial Real Estate Finance in the third quarter valued at $765,000. Illinois Municipal Retirement Fund acquired a new stake in Apollo Commercial Real Estate Finance in the third quarter valued at $793,000. Charles Schwab Investment Management Inc. raised its stake in Apollo Commercial Real Estate Finance by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,841,722 shares of the real estate investment trust’s stock valued at $18,657,000 after buying an additional 98,053 shares in the last quarter. Barclays PLC raised its stake in Apollo Commercial Real Estate Finance by 56.4% in the third quarter. Barclays PLC now owns 136,190 shares of the real estate investment trust’s stock valued at $1,380,000 after buying an additional 49,124 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Apollo Commercial Real Estate Finance in the third quarter valued at $366,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARI has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Bank of America lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target for the company. in a research report on Monday, March 4th. Finally, TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $10.50.

Apollo Commercial Real Estate Finance Company Profile

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.