Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Sells $150,000.00 in Stock

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Mark C. Biderman sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the sale, the director now directly owns 60,625 shares in the company, valued at approximately $606,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $10.05 on Friday. The firm’s 50-day moving average price is $10.87 and its 200-day moving average price is $11.00. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $9.22 and a 1-year high of $12.74. The firm has a market capitalization of $1.43 billion, a P/E ratio of -12.88 and a beta of 1.69. The company has a current ratio of 52.35, a quick ratio of 67.73 and a debt-to-equity ratio of 0.61.

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 issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 13.93%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors have recently made changes to their positions in ARI. QRG Capital Management Inc. acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth about $765,000. Illinois Municipal Retirement Fund bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at about $793,000. Charles Schwab Investment Management Inc. lifted its position in Apollo Commercial Real Estate Finance by 5.6% in the 3rd 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 acquiring an additional 98,053 shares in the last quarter. Barclays PLC lifted its position in Apollo Commercial Real Estate Finance by 56.4% in the 3rd quarter. Barclays PLC now owns 136,190 shares of the real estate investment trust’s stock valued at $1,380,000 after acquiring an additional 49,124 shares in the last quarter. Finally, Alps Advisors Inc. bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at about $366,000. Institutional investors and hedge funds own 54.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ARI shares. TheStreet raised shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. cut their price target on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods cut their price target on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, 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 target on the stock. in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.38.

About Apollo Commercial Real Estate Finance

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.