Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Stuart Rothstein Sells 40,000 Shares

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following the completion of the transaction, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Apollo Commercial Real Estate Finance Stock Up 1.9 %

Shares of Apollo Commercial Real Estate Finance stock opened at $10.72 on Friday. The company has a fifty day moving average price of $10.95 and a 200 day moving average price of $10.96. 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 twelve month low of $9.13 and a twelve month high of $12.74. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 35.73 and a beta of 1.67.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 13.06%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 466.67%.

Analyst Ratings Changes

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

Institutional Trading of Apollo Commercial Real Estate Finance

Institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth $765,000. Illinois Municipal Retirement Fund purchased a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth $793,000. Charles Schwab Investment Management Inc. boosted its position in Apollo Commercial Real Estate Finance by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,841,722 shares of the real estate investment trust’s stock worth $18,657,000 after purchasing an additional 98,053 shares during the period. Barclays PLC boosted its position in Apollo Commercial Real Estate Finance by 56.4% during the 3rd quarter. Barclays PLC now owns 136,190 shares of the real estate investment trust’s stock worth $1,380,000 after purchasing an additional 49,124 shares during the period. Finally, Alps Advisors Inc. purchased a new position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at about $366,000. 54.43% of the stock is owned by hedge funds and other institutional investors.

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.