Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $8.73 and last traded at $8.77, with a volume of 283759 shares traded. The stock had previously closed at $8.89.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ARI. BTIG Research assumed coverage on shares of Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. boosted their price target on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.25.
Read Our Latest Stock Report on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Trading Down 1.4 %
The stock has a market capitalization of $1.25 billion, a PE ratio of -11.24, a PEG ratio of 2.15 and a beta of 1.75. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63. The business's 50-day moving average is $9.97 and its two-hundred day moving average is $10.24.
Apollo Commercial Real Estate Finance Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date is Monday, September 30th. Apollo Commercial Real Estate Finance's dividend payout ratio is presently -128.21%.
Insider Activity
In other news, Director Scott Prince sold 4,935 shares of the company's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total value of $49,942.20. Following the completion of the transaction, the director now directly owns 81,154 shares in the company, valued at approximately $821,278.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.68% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ARI. AQR Capital Management LLC raised its stake in Apollo Commercial Real Estate Finance by 1.8% during the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust's stock valued at $584,000 after buying an additional 1,039 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Apollo Commercial Real Estate Finance by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust's stock worth $644,000 after purchasing an additional 1,100 shares during the period. PFG Investments LLC increased its stake in Apollo Commercial Real Estate Finance by 3.4% during the second quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust's stock valued at $462,000 after purchasing an additional 1,550 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 10.3% during the first quarter. SG Americas Securities LLC now owns 17,711 shares of the real estate investment trust's stock worth $197,000 after purchasing an additional 1,653 shares during the period. Finally, ProShare Advisors LLC raised its stake in Apollo Commercial Real Estate Finance by 7.5% during the first quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust's stock worth $316,000 after acquiring an additional 1,985 shares during the period. Hedge funds and other institutional investors own 54.43% of the company's stock.
About Apollo Commercial Real Estate Finance
(
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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