Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Price Down 7%

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) fell 7% during mid-day trading on Tuesday . The company traded as low as $9.91 and last traded at $9.93. 572,863 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 768,081 shares. The stock had previously closed at $10.68.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. cut their price target on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. Finally, Bank of America lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price on the stock. in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus price target of $10.50.

Apollo Commercial Real Estate Finance Stock Down 9.0 %

The business’s 50 day moving average is $10.94 and its 200-day moving average is $11.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 67.73 and a current ratio of 67.74. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 33.10 and a beta of 1.67.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 14.40%. Apollo Commercial Real Estate Finance’s payout ratio is presently 466.67%.

Insider Activity at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following the sale, the chief executive officer now directly owns 415,292 shares in the company, valued at approximately $4,402,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of ARI. SG Americas Securities LLC acquired a new stake in Apollo Commercial Real Estate Finance in the 3rd quarter worth $250,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Apollo Commercial Real Estate Finance by 21.2% during the 3rd 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 during the period. Inspire Investing LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 8.7% during the 3rd 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 during the period. Triumph Capital Management lifted its holdings in shares of Apollo Commercial Real Estate Finance by 37.4% during the 3rd 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 during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 52.9% during the 3rd 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 during the period. 54.43% of the stock is currently 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.