Mark C. Biderman Sells 15,000 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Stock

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the sale, the director now directly owns 60,625 shares of the company’s stock, valued at $606,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Apollo Commercial Real Estate Finance Stock Down 0.8 %

Shares of NYSE ARI opened at $10.05 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $9.22 and a 52-week high of $12.74. The firm has a fifty day moving average of $10.87 and a 200-day moving average of $11.00. The stock has a market capitalization of $1.43 billion, a PE ratio of -12.88 and a beta of 1.69. The company has a quick ratio of 67.73, a current ratio of 52.35 and a debt-to-equity ratio of 0.61.

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 dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 13.93%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -179.49%.

Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of 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. Bank of America cut shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price for the company. in a research note on Monday, March 4th. Finally, TheStreet raised shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average target price of $10.38.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter valued at $56,000. Naples Money Management LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at $64,000. EMC Capital Management lifted its holdings in shares of Apollo Commercial Real Estate Finance by 134.6% during the 3rd quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 3,971 shares in the last quarter. Hollencrest Capital Management lifted its holdings in shares of Apollo Commercial Real Estate Finance by 100.0% during the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 5,000 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at $105,000. Institutional investors and hedge funds 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.