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 stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following the transaction, the chief executive officer now directly owns 415,292 shares in the company, valued at approximately $4,402,095.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $10.43 on Thursday. The business has a 50 day moving average price of $10.95 and a 200 day moving average price of $10.96. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.13 and a twelve month high of $12.74. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 34.77 and a beta of 1.67. The company has a quick ratio of 67.73, a current ratio of 67.74 and a debt-to-equity ratio of 0.57.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 13.42%. Apollo Commercial Real Estate Finance’s payout ratio is 466.67%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds have recently added to or reduced their stakes in the business. Cascade Wealth Advisors Inc bought a new stake in Apollo Commercial Real Estate Finance during the 1st quarter valued at approximately $134,000. Future Financial Wealth Managment LLC bought a new stake in Apollo Commercial Real Estate Finance during the 1st quarter valued at approximately $56,000. HighPoint Advisor Group LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $132,000. Price T Rowe Associates Inc. MD lifted its position in shares of Apollo Commercial Real Estate Finance by 6.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 97,922 shares of the real estate investment trust’s stock worth $1,150,000 after acquiring an additional 6,198 shares during the period. Finally, Baker Avenue Asset Management LP lifted its position in shares of Apollo Commercial Real Estate Finance by 133.9% in the 4th quarter. Baker Avenue Asset Management LP now owns 155,146 shares of the real estate investment trust’s stock worth $1,821,000 after acquiring an additional 88,821 shares during the period. Institutional investors own 54.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ARI. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. Bank of America lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective on the stock. in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.50.

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.