Stuart Rothstein Sells 52,074 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Stock

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.99, for a total transaction of $520,219.26. Following the sale, the chief executive officer now directly owns 385,928 shares in the company, valued at $3,855,420.72. This represents a 11.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Apollo Commercial Real Estate Finance Stock Down 1.6 %

NYSE:ARI traded down $0.16 during mid-day trading on Friday, hitting $9.83. The stock had a trading volume of 2,748,859 shares, compared to its average volume of 1,005,152. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.44 and a twelve month high of $11.55. The company has a market capitalization of $1.36 billion, a PE ratio of -10.34 and a beta of 1.74. The stock has a 50-day simple moving average of $9.55 and a two-hundred day simple moving average of $9.28.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities research analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 0.63 EPS for the current year.

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Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.18%. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -105.26%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $31,684,000. Norges Bank acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at $3,360,000. JPMorgan Chase & Co. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 130.1% in the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock valued at $4,164,000 after buying an additional 271,908 shares in the last quarter. Northern Trust Corp grew its position in shares of Apollo Commercial Real Estate Finance by 14.9% in the 4th quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust's stock valued at $15,116,000 after buying an additional 226,399 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Apollo Commercial Real Estate Finance by 72.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust's stock worth $4,304,000 after acquiring an additional 196,122 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ARI shares. StockNews.com raised shares of Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research note on Saturday, February 15th. Keefe, Bruyette & Woods cut their price objective on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Finally, UBS Group increased their price objective on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $9.08.

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.