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

Apollo Commercial Real Estate Finance, Inc. (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 shares were sold at an average price of $9.83, for a total transaction of $511,887.42. Following the sale, the chief executive officer now owns 333,854 shares of the company's stock, valued at $3,281,784.82. The trade was a 13.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Apollo Commercial Real Estate Finance Stock Down 0.8%

Apollo Commercial Real Estate Finance stock traded down $0.08 during trading hours on Tuesday, reaching $9.72. The stock had a trading volume of 1,031,901 shares, compared to its average volume of 1,138,193. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -10.23 and a beta of 1.48. The business's 50 day moving average price is $9.39 and its 200-day moving average price is $9.34. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $7.70 and a 52 week high of $11.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.29%. Apollo Commercial Real Estate Finance's payout ratio is -3,333.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARI. JMP Securities reaffirmed a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. 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 for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.13.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently bought and sold shares of ARI. Nomura Holdings Inc. acquired a new position in Apollo Commercial Real Estate Finance during the 4th quarter valued at about $31,684,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Apollo Commercial Real Estate Finance by 89.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust's stock valued at $17,753,000 after acquiring an additional 877,675 shares in the last quarter. Nuveen LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the first quarter valued at about $7,813,000. Norges Bank purchased a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at approximately $3,360,000. Finally, JPMorgan Chase & Co. boosted its stake in Apollo Commercial Real Estate Finance by 130.1% in the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock worth $4,164,000 after purchasing an additional 271,908 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

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.

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