Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) Director Mark C. Biderman sold 15,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the sale, the director now owns 60,625 shares of the company's stock, valued at approximately $606,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Apollo Commercial Real Estate Finance Price Performance
Apollo Commercial Real Estate Finance stock opened at $10.13 on Friday. The firm has a 50 day moving average price of $10.89 and a 200 day moving average price of $11.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 67.73 and a current ratio of 52.35. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -12.99 and a beta of 1.69. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $9.22 and a 1 year high of $12.74.
Apollo Commercial Real Estate Finance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued 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 -179.49%.
Hedge Funds Weigh In On Apollo Commercial Real Estate Finance
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Large investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth $56,000. Naples Money Management LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth about $64,000. EMC Capital Management lifted its position in Apollo Commercial Real Estate Finance by 134.6% in the 3rd quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 3,971 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $105,000. Finally, Hollencrest Capital Management grew its position in Apollo Commercial Real Estate Finance by 100.0% in the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 54.43% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Bank of America cut Apollo Commercial Real Estate Finance from a "neutral" rating to an "underperform" rating and set a $10.50 price objective for the company. in a research report on Monday, March 4th. JPMorgan Chase & Co. reduced their price objective on shares of 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. TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a "d+" rating to a "c-" rating in a research report on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a "market perform" rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $10.38.
View Our Latest Stock Report on Apollo Commercial Real Estate Finance
About Apollo Commercial Real Estate Finance
(
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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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