Stuart Rothstein Sells 52,074 Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) Stock

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the transaction, the chief executive officer now owns 333,854 shares in the company, valued at approximately $3,281,784.82. This represents a 13.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Apollo Commercial Real Estate Finance Stock Up 0.0%

Shares of ARI traded up $0.00 on Friday, reaching $9.80. The stock had a trading volume of 846,158 shares, compared to its average volume of 1,140,769. The company has a debt-to-equity ratio of 0.67, a quick ratio of 74.89 and a current ratio of 74.89. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.20. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -327.50, a price-to-earnings-growth ratio of 0.27 and a beta of 1.48. The company has a 50-day simple moving average of $9.47 and a 200-day simple moving average of $9.35.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.20%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is -3,333.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ARI shares. JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Wall Street Zen cut Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods upped their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, BTIG Research upgraded shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price target on the stock in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.13.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds have recently modified their holdings of ARI. Van ECK Associates Corp lifted its position in Apollo Commercial Real Estate Finance by 12.1% during the 4th quarter. Van ECK Associates Corp now owns 1,063,511 shares of the real estate investment trust's stock valued at $9,210,000 after acquiring an additional 115,109 shares during the period. Rhumbline Advisers increased its stake in shares of Apollo Commercial Real Estate Finance by 4.1% during the fourth quarter. Rhumbline Advisers now owns 426,873 shares of the real estate investment trust's stock valued at $3,697,000 after purchasing an additional 16,908 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 617,114 shares of the real estate investment trust's stock valued at $5,344,000 after purchasing an additional 16,040 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $112,000. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 168.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust's stock valued at $641,000 after purchasing an additional 46,458 shares during the last quarter. Institutional investors own 54.43% of the company's stock.

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.