Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Mark C. Biderman Sells 15,000 Shares

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 60,625 shares in the company, valued at approximately $606,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Apollo Commercial Real Estate Finance Stock Down 0.8 %

Shares of Apollo Commercial Real Estate Finance stock opened at $10.05 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -12.88 and a beta of 1.69. The company’s 50 day moving average is $10.87 and its 200 day moving average is $11.00. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.22 and a twelve month high of $12.74. The company has a quick ratio of 67.73, a current ratio of 52.35 and a debt-to-equity ratio of 0.61.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 13.93%. Apollo Commercial Real Estate Finance’s payout ratio is presently -179.49%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. H&H Retirement Design & Management INC raised its position in Apollo Commercial Real Estate Finance by 3.3% in the fourth quarter. H&H Retirement Design & Management INC now owns 33,644 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 1,081 shares during the period. Atria Wealth Solutions Inc. raised its position in Apollo Commercial Real Estate Finance by 4.2% in the third quarter. Atria Wealth Solutions Inc. now owns 27,933 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 1,128 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Apollo Commercial Real Estate Finance by 7.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,966 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 1,129 shares during the period. MAS Advisors LLC raised its position in Apollo Commercial Real Estate Finance by 5.4% in the fourth quarter. MAS Advisors LLC now owns 30,092 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 1,537 shares during the period. Finally, Private Advisor Group LLC raised its position in Apollo Commercial Real Estate Finance by 7.6% in the third quarter. Private Advisor Group LLC now owns 23,032 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 1,620 shares during the period. 54.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. Bank of America downgraded 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. JPMorgan Chase & Co. lowered their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.38.

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.