Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Mark C. Biderman Sells 15,000 Shares

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) Director Mark C. Biderman sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the sale, the director now owns 60,625 shares in the company, valued at $606,250. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Apollo Commercial Real Estate Finance Trading Up 1.3 %

Shares of Apollo Commercial Real Estate Finance stock traded up $0.13 during trading on Thursday, reaching $10.13. 1,256,227 shares of the company were exchanged, compared to its average volume of 803,724. The company has a quick ratio of 67.73, a current ratio of 52.35 and a debt-to-equity ratio of 0.61. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.22 and a twelve month high of $12.74. The business has a 50-day moving average price of $10.90 and a 200-day moving average price of $11.00. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -12.97 and a beta of 1.69.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed 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 was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.82%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently -179.49%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARI. Bank of America cut Apollo Commercial Real Estate Finance from a "neutral" rating to an "underperform" rating and set a $10.50 target price for the company. in a research note on Monday, March 4th. TheStreet raised Apollo Commercial Real Estate Finance from a "d+" rating to a "c-" rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods lowered their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a "market perform" rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on 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 analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.38.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors have recently made changes to their positions in ARI. SG Americas Securities LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter worth $250,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Apollo Commercial Real Estate Finance by 21.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,738 shares of the real estate investment trust's stock worth $311,000 after acquiring an additional 5,372 shares in the last quarter. Inspire Investing LLC lifted its holdings in Apollo Commercial Real Estate Finance by 8.7% during the third quarter. Inspire Investing LLC now owns 30,264 shares of the real estate investment trust's stock worth $307,000 after acquiring an additional 2,434 shares in the last quarter. Triumph Capital Management lifted its holdings in Apollo Commercial Real Estate Finance by 37.4% during the third quarter. Triumph Capital Management now owns 52,316 shares of the real estate investment trust's stock worth $548,000 after acquiring an additional 14,236 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Apollo Commercial Real Estate Finance by 52.9% during the third quarter. Nisa Investment Advisors LLC now owns 85,060 shares of the real estate investment trust's stock worth $862,000 after acquiring an additional 29,434 shares in the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.