Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) Director Carmencita N.M. Whonder sold 11,400 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $10.21, for a total transaction of $116,394.00. Following the transaction, the director now directly owns 20,624 shares of the company's stock, valued at $210,571.04. This represents a 35.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Carmencita N.M. Whonder also recently made the following trade(s):
- On Tuesday, March 4th, Carmencita N.M. Whonder sold 11,000 shares of Apollo Commercial Real Estate Finance stock. The shares were sold at an average price of $9.96, for a total value of $109,560.00.
Apollo Commercial Real Estate Finance Trading Down 0.6 %
ARI stock traded down $0.07 during midday trading on Monday, reaching $9.96. The company's stock had a trading volume of 1,104,776 shares, compared to its average volume of 973,884. The stock has a market cap of $1.38 billion, a PE ratio of -10.48 and a beta of 1.74. The business's 50-day simple moving average is $9.32 and its 200-day simple moving average is $9.31. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $8.44 and a 52 week high of $11.64.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, sell-side analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 0.63 EPS for the current year.
Apollo Commercial Real Estate Finance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.05%. Apollo Commercial Real Estate Finance's dividend payout ratio is presently -105.26%.
Institutional Trading of Apollo Commercial Real Estate Finance
Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 327.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust's stock worth $27,000 after buying an additional 2,332 shares in the last quarter. Sterling Capital Management LLC increased its position in Apollo Commercial Real Estate Finance by 783.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 3,872 shares during the period. CF Capital LLC bought a new position in Apollo Commercial Real Estate Finance during the 4th quarter worth $52,000. KBC Group NV lifted its stake in shares of Apollo Commercial Real Estate Finance by 57.7% in the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust's stock worth $64,000 after acquiring an additional 2,562 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at $67,000. Institutional investors own 54.43% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on ARI shares. StockNews.com upgraded Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research note on Saturday, February 15th. UBS Group boosted their target price on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating on the stock in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, According to MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and a consensus price target of $9.08.
Check Out Our Latest Research Report on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Company Profile
(
Get Free Report)
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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