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

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

Apollo Commercial Real Estate Finance Trading Up 1.3 %

Shares of Apollo Commercial Real Estate Finance stock traded up $0.13 during trading on Thursday, reaching $10.13. 1,256,227 shares of the company were exchanged, compared to its average volume of 803,724. 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, Inc. has a twelve month low of $9.22 and a twelve month high of $12.74. The business has a 50-day moving average price of $10.90 and a 200-day moving average price of $11.00. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -12.97 and a beta of 1.69.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.82%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -179.49%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARI. Bank of America cut 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. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods lowered their target price on 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. Finally, JPMorgan Chase & Co. lowered their target price 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 analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.38.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors have recently made changes to their positions in ARI. SG Americas Securities LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter worth $250,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Apollo Commercial Real Estate Finance by 21.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,738 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 5,372 shares in the last quarter. Inspire Investing LLC lifted its holdings in Apollo Commercial Real Estate Finance by 8.7% during the third quarter. Inspire Investing LLC now owns 30,264 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 2,434 shares in the last quarter. Triumph Capital Management lifted its holdings in Apollo Commercial Real Estate Finance by 37.4% during the third quarter. Triumph Capital Management now owns 52,316 shares of the real estate investment trust’s stock worth $548,000 after acquiring an additional 14,236 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Apollo Commercial Real Estate Finance by 52.9% during the third quarter. Nisa Investment Advisors LLC now owns 85,060 shares of the real estate investment trust’s stock worth $862,000 after acquiring an additional 29,434 shares in the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

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.