Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Free Report) CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the transaction, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Apollo Commercial Real Estate Finance Stock Up 1.9 %
Shares of NYSE ARI opened at $10.72 on Friday. The stock has a market cap of $1.52 billion, a P/E ratio of 35.73 and a beta of 1.67. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $9.13 and a 12-month high of $12.74. The business’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $10.96.
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 paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.06%. The ex-dividend date was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s payout ratio is currently 466.67%.
Institutional Trading of Apollo Commercial Real Estate Finance
Analysts Set New Price Targets
ARI has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Bank of America lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target for the company. in a research report on Monday, March 4th. Finally, TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $10.50.
Read Our Latest Stock Analysis on ARI
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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