Apollo Commercial Real Estate Finance (NYSE:ARI) Shares Gap Down to $9.93

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $9.93, but opened at $9.71. Apollo Commercial Real Estate Finance shares last traded at $9.69, with a volume of 213,372 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARI. 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 note on Wednesday, May 1st. TheStreet raised shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. reduced their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. Finally, 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 for the company. in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.38.

Apollo Commercial Real Estate Finance Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.61, a quick ratio of 52.35 and a current ratio of 52.35. The stock has a market cap of $1.39 billion, a P/E ratio of -12.55, a P/E/G ratio of 1.51 and a beta of 1.73. The stock’s fifty day simple moving average is $10.16 and its 200-day simple moving average is $10.90.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 14.30%. The ex-dividend date is Friday, June 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following the completion of the sale, the chief executive officer now owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the sale, the chief executive officer now owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the director now directly owns 60,625 shares of the company’s stock, valued at approximately $606,250. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 400.4% during the 1st quarter. Cetera Advisors LLC now owns 83,443 shares of the real estate investment trust’s stock worth $930,000 after acquiring an additional 66,768 shares during the period. Cetera Investment Advisers increased its position in Apollo Commercial Real Estate Finance by 5.6% during the 1st quarter. Cetera Investment Advisers now owns 312,078 shares of the real estate investment trust’s stock worth $3,477,000 after purchasing an additional 16,565 shares in the last quarter. EMC Capital Management increased its position in Apollo Commercial Real Estate Finance by 103.5% during the 1st quarter. EMC Capital Management now owns 14,089 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 7,167 shares in the last quarter. SVB Wealth LLC acquired a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth approximately $196,000. Finally, Price T Rowe Associates Inc. MD increased its position in Apollo Commercial Real Estate Finance by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 103,101 shares of the real estate investment trust’s stock worth $1,149,000 after purchasing an additional 5,179 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

About Apollo Commercial Real Estate Finance

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.