Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Stuart Rothstein Sells 40,000 Shares

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the sale, the chief executive officer now directly owns 415,292 shares in the company, valued at $4,402,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apollo Commercial Real Estate Finance Stock Up 0.5 %

NYSE:ARI opened at $10.43 on Thursday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 34.77 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a one year low of $9.13 and a one year high of $12.74. The stock has a 50-day simple moving average of $10.95 and a 200 day simple moving average of $10.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 67.73 and a current ratio of 67.74.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 13.42%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 466.67%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp boosted its stake in Apollo Commercial Real Estate Finance by 6.1% in the first quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 857 shares during the period. Captrust Financial Advisors boosted its stake in Apollo Commercial Real Estate Finance by 6.0% in the third quarter. Captrust Financial Advisors now owns 15,230 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 861 shares during the period. Metropolitan Life Insurance Co NY boosted its stake in Apollo Commercial Real Estate Finance by 11.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 907 shares during the period. US Bancorp DE boosted its stake in Apollo Commercial Real Estate Finance by 84.8% in the second quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,023 shares during the period. Finally, NFJ Investment Group LLC boosted its stake in Apollo Commercial Real Estate Finance by 0.3% in the fourth quarter. NFJ Investment Group LLC now owns 314,951 shares of the real estate investment trust’s stock valued at $3,389,000 after acquiring an additional 1,049 shares during the period. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARI has been the topic of a number of analyst reports. Bank of America lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price on the stock. in a research report on Monday, March 4th. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. decreased 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 note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and a consensus target price of $10.50.

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.