Apollo Commercial Real Estat (NYSE:ARI) CEO Stuart Rothstein sold 13,654 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $17.85, for a total value of $243,723.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of ARI stock traded up $0.03 during trading hours on Thursday, hitting $17.91. 172,469 shares of the company’s stock were exchanged, compared to its average volume of 1,894,581. The company has a debt-to-equity ratio of 0.28, a quick ratio of 38.53 and a current ratio of 38.53. The stock has a market capitalization of $1,922.59, a PE ratio of 11.61 and a beta of 0.49. Apollo Commercial Real Estat has a 52 week low of $17.56 and a 52 week high of $19.92.
Apollo Commercial Real Estat (NYSE:ARI) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $69.19 million for the quarter, compared to analysts’ expectations of $67.80 million. Apollo Commercial Real Estat had a return on equity of 10.22% and a net margin of 74.11%. The business’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. analysts forecast that Apollo Commercial Real Estat will post 1.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 10.27%. The ex-dividend date was Wednesday, March 28th. Apollo Commercial Real Estat’s payout ratio is presently 119.48%.
A number of brokerages have weighed in on ARI. Zacks Investment Research upgraded Apollo Commercial Real Estat from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS started coverage on Apollo Commercial Real Estat in a report on Tuesday, March 27th. They set a “market perform” rating on the stock. ValuEngine cut Apollo Commercial Real Estat from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Raymond James started coverage on Apollo Commercial Real Estat in a report on Tuesday, March 27th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.33.
A number of institutional investors have recently bought and sold shares of ARI. State Treasurer State of Michigan boosted its holdings in Apollo Commercial Real Estat by 24.6% in the fourth quarter. State Treasurer State of Michigan now owns 3,714,968 shares of the real estate investment trust’s stock valued at $68,541,000 after acquiring an additional 734,200 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Apollo Commercial Real Estat by 99.7% in the fourth quarter. APG Asset Management N.V. now owns 1,358,800 shares of the real estate investment trust’s stock valued at $20,878,000 after acquiring an additional 678,400 shares during the last quarter. EnTrustPermal Partners Offshore LP bought a new position in Apollo Commercial Real Estat in the fourth quarter valued at about $2,814,000. Arizona State Retirement System boosted its holdings in Apollo Commercial Real Estat by 229.3% in the fourth quarter. Arizona State Retirement System now owns 163,847 shares of the real estate investment trust’s stock valued at $3,023,000 after acquiring an additional 114,097 shares during the last quarter. Finally, Atlantic Trust Group LLC bought a new position in Apollo Commercial Real Estat in the third quarter valued at about $1,909,000. Institutional investors and hedge funds own 70.80% of the company’s stock.
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Apollo Commercial Real Estat Company Profile
Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily 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 company is qualified as a REIT under the Internal Revenue Code.
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