Key Points
- Apollo CEO Stuart Rothstein sold 52,072 shares on Dec. 15 at an average price of $10.16, generating $529,051.52 and reducing his ownership by 18.48% to 229,709 shares (valued at about $2.33M).
- The company declared a quarterly dividend of $0.25 (annualized $1.00) with a yield of 10.1%; the ex-dividend date is Dec. 31 and the dividend is payable Jan. 15, while the payout ratio stands at ~112.36%.
- ARI trades near $10 with a market cap of $1.38B, a P/E of 11.13 and a 52-week range of $7.70–$11.11; analysts' consensus rating is a Hold with a $10.88 target.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) CEO Stuart Rothstein sold 52,072 shares of the business's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $10.16, for a total value of $529,051.52. Following the transaction, the chief executive officer directly owned 229,709 shares in the company, valued at $2,333,843.44. This trade represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI stock opened at $9.91 on Wednesday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.29 and a beta of 1.54. The stock has a fifty day moving average of $10.00 and a 200 day moving average of $10.07. Apollo Commercial Real Estate Finance has a 52 week low of $7.70 and a 52 week high of $11.11. The company has a quick ratio of 90.32, a current ratio of 90.32 and a debt-to-equity ratio of 0.66.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. Apollo Commercial Real Estate Finance had a net margin of 51.40% and a return on equity of 8.34%. The business had revenue of $63.88 million during the quarter, compared to analyst estimates of $49.15 million. As a group, research analysts expect that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current year.
Apollo Commercial Real Estate Finance Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Apollo Commercial Real Estate Finance's dividend payout ratio is presently 112.36%.
Institutional Trading of Apollo Commercial Real Estate Finance
A number of institutional investors have recently made changes to their positions in ARI. Kingstone Capital Partners Texas LLC bought a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $271,921,000. No Street GP LP raised its stake in Apollo Commercial Real Estate Finance by 33.3% during the 3rd quarter. No Street GP LP now owns 3,000,000 shares of the real estate investment trust's stock valued at $30,390,000 after buying an additional 750,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust's stock valued at $22,265,000 after buying an additional 63,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Apollo Commercial Real Estate Finance by 6.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,085,917 shares of the real estate investment trust's stock worth $21,130,000 after buying an additional 134,308 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Apollo Commercial Real Estate Finance by 50.4% in the 2nd quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust's stock worth $12,498,000 after buying an additional 432,377 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on ARI. Zacks Research cut Apollo Commercial Real Estate Finance from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. lifted their price target on Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the company an "overweight" rating in a research report on Monday, November 3rd. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a report on Saturday, November 22nd. Keefe, Bruyette & Woods lifted their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Apollo Commercial Real Estate Finance in a research note on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of "Hold" and a consensus target price of $10.88.
Check Out Our Latest Research Report on Apollo Commercial Real Estate Finance
About Apollo Commercial Real Estate Finance
(
Get Free Report)
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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