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

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Free Report) CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $10.09, for a total transaction of $403,600.00. Following the completion of the sale, the chief executive officer now owns 490,766 shares in the company, valued at $4,951,828.94. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Apollo Commercial Real Estate Finance Trading Down 1.3 %

NYSE ARI traded down $0.16 on Thursday, hitting $12.12. The company’s stock had a trading volume of 727,645 shares, compared to its average volume of 1,019,670. The company’s 50-day moving average is $10.87 and its 200 day moving average is $10.84. The firm has a market cap of $1.71 billion, a PE ratio of -202.00 and a beta of 1.62. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.58 and a 1-year high of $12.74. The company has a quick ratio of 38.78, a current ratio of 38.78 and a debt-to-equity ratio of 0.65.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.40 annualized dividend and a dividend yield of 11.55%. Apollo Commercial Real Estate Finance’s dividend payout ratio is -2,333.33%.

Analysts Set New Price Targets

Several equities analysts recently commented on ARI shares. TheStreet downgraded shares of Apollo Commercial Real Estate Finance from a “c” rating to a “d+” rating in a research note on Tuesday, October 31st. StockNews.com initiated coverage on Apollo Commercial Real Estate Finance in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, UBS Group started coverage on Apollo Commercial Real Estate Finance in a research report on Wednesday, December 6th. They set a “neutral” rating and a $10.50 price objective on the stock. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Apollo Commercial Real Estate Finance has an average rating of “Hold” and a consensus price target of $10.33.

Check Out Our Latest Report on Apollo Commercial Real Estate Finance

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARI. US Bancorp DE grew its position in shares of Apollo Commercial Real Estate Finance by 84.8% in the 2nd quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,023 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Apollo Commercial Real Estate Finance by 801.5% in the second quarter. Quadrant Capital Group LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,653 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $38,000. Signaturefd LLC raised its holdings in Apollo Commercial Real Estate Finance by 56.2% during the 2nd quarter. Signaturefd LLC now owns 4,096 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Horan Securities Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 340.1% in the 2nd quarter. Horan Securities Inc. now owns 4,401 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 3,401 shares during the period. 53.74% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Company Profile

(Get Free Report)

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. It is qualified as a REIT under the Internal Revenue Code.

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