Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) Director Carmencita N.M. Whonder sold 11,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total value of $109,560.00. Following the sale, the director now directly owns 9,624 shares in the company, valued at $95,855.04. This trade represents a 53.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
ARI stock traded down $0.02 during midday trading on Thursday, hitting $9.97. 668,021 shares of the stock were exchanged, compared to its average volume of 955,475. The stock's 50-day moving average price is $9.30 and its 200-day moving average price is $9.33. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -10.49 and a beta of 1.74. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $11.64. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share (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%. Research analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.04%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is -105.26%.
ARI has been the topic of several analyst reports. StockNews.com upgraded Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research note on Saturday, February 15th. UBS Group lifted their target price on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods decreased their price target on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating on the stock in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $9.08.
Check Out Our Latest Research Report on Apollo Commercial Real Estate Finance
Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 139.4% in the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust's stock worth $2,779,000 after acquiring an additional 176,101 shares during the last quarter. Barclays PLC grew its position in shares of Apollo Commercial Real Estate Finance by 65.9% in the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock valued at $3,028,000 after purchasing an additional 130,892 shares during the period. Advisors Asset Management Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 72.0% in the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust's stock valued at $4,304,000 after purchasing an additional 196,122 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 168.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust's stock valued at $641,000 after purchasing an additional 46,458 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at $93,000. 54.43% of the stock is owned by institutional investors and hedge funds.
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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