Apollo Commercial Real Estate Finance (ARI) Sees Significant Increase in Short Interest

Apollo Commercial Real Estate Finance (NYSE:ARI) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 7,133,088 shares, a growth of 63.7% from the June 15th total of 4,358,579 shares. Based on an average daily trading volume, of 1,601,702 shares, the days-to-cover ratio is currently 4.5 days. Approximately 7.1% of the company’s stock are short sold.

In related news, CEO Stuart Rothstein sold 25,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total value of $467,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in ARI. Advisors Asset Management Inc. raised its stake in Apollo Commercial Real Estate Finance by 374.1% in the first quarter. Advisors Asset Management Inc. now owns 5,931 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 4,680 shares during the last quarter. Security National Trust Co. acquired a new position in shares of Apollo Commercial Real Estate Finance during the first quarter worth about $113,000. Ameritas Investment Partners Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance during the first quarter worth about $129,000. Bank of Montreal Can increased its position in shares of Apollo Commercial Real Estate Finance by 7.6% in the second quarter. Bank of Montreal Can now owns 10,058 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 707 shares during the period. Finally, Cypress Capital Management LLC WY acquired a new position in shares of Apollo Commercial Real Estate Finance during the first quarter worth about $216,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 18.23 on Friday. Apollo Commercial Real Estate Finance has a 52-week low of $15.54 and a 52-week high of $19.92. The company has a market capitalization of $1.67 billion, a PE ratio of 9.51 and a beta of 0.66. The firm’s 50-day moving average is $18.61 and its 200-day moving average is $18.26.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $57.81 million during the quarter. Apollo Commercial Real Estate Finance had a net margin of 88.07% and a return on equity of 9.79%. On average, equities research analysts forecast that Apollo Commercial Real Estate Finance will post $1.87 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 10.09%. The ex-dividend date of this dividend was Wednesday, June 28th. Apollo Commercial Real Estate Finance’s payout ratio is currently 96.84%.

Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Apollo Commercial Real Estate Finance in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.75.

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About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. 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.

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