Stuart Rothstein Sells 52,073 Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) Stock

Apollo Commercial Real Estate Finance (NYSE:ARI) CEO Stuart Rothstein sold 52,073 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $10.78, for a total transaction of $561,346.94. Following the completion of the sale, the chief executive officer directly owned 281,781 shares in the company, valued at approximately $3,037,599.18. This represents a 15.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $10.67 on Friday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -76.21, a P/E/G ratio of 0.30 and a beta of 1.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 98.25 and a current ratio of 98.25. Apollo Commercial Real Estate Finance has a 52 week low of $7.70 and a 52 week high of $11.11. The firm’s 50-day simple moving average is $10.22 and its two-hundred day simple moving average is $9.77.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 9.4%. Apollo Commercial Real Estate Finance’s payout ratio is currently -714.29%.

Analyst Upgrades and Downgrades

ARI has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Zacks Research downgraded shares of Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group lifted their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus price target of $10.31.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $271,921,000. Charles Schwab Investment Management Inc. grew its stake in Apollo Commercial Real Estate Finance by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust’s stock valued at $22,265,000 after acquiring an additional 63,191 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Apollo Commercial Real Estate Finance by 5.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,951,609 shares of the real estate investment trust’s stock valued at $18,892,000 after acquiring an additional 96,493 shares in the last quarter. Invesco Ltd. grew its stake in Apollo Commercial Real Estate Finance by 50.4% during the second quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust’s stock valued at $12,498,000 after acquiring an additional 432,377 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Apollo Commercial Real Estate Finance by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 1,036,715 shares of the real estate investment trust’s stock valued at $9,921,000 after acquiring an additional 13,774 shares in the last quarter. Hedge funds and other 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.