Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Sells $109,560.00 in Stock

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Carmencita N.M. Whonder sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total value of $109,560.00. Following the transaction, the director now owns 9,624 shares in the company, valued at $95,855.04. The trade was a 53.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $10.01 on Friday. The business’s 50 day simple moving average is $9.32 and its 200-day simple moving average is $9.32. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -10.53 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.44 and a 12 month high of $11.64.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. As a group, equities analysts forecast that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is currently -105.26%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 327.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,332 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 783.8% during the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 3,872 shares during the period. CF Capital LLC purchased a new position in shares of 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% during the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,562 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth $67,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ARI. Keefe, Bruyette & Woods dropped their target price 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. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, UBS Group boosted their target price on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.