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 firm’s stock in a transaction 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 sale, the director now owns 60,625 shares in the company, valued at $606,250. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Apollo Commercial Real Estate Finance Price Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $10.05 on Friday. The firm has a market cap of $1.43 billion, a P/E ratio of -12.88 and a beta of 1.69. 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 debt-to-equity ratio of 0.61, a quick ratio of 67.73 and a current ratio of 52.35. The firm’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $11.00.

Apollo Commercial Real Estate Finance Announces Dividend

The company 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 dividend on an annualized basis and a yield of 13.93%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -179.49%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target 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. Keefe, Bruyette & Woods decreased their target price 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. TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Finally, Bank of America lowered 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 report on Monday, March 4th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.38.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARI. Norges Bank acquired a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at about $12,006,000. Charles Schwab Investment Management Inc. boosted its position in Apollo Commercial Real Estate Finance by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,961,777 shares of the real estate investment trust’s stock valued at $23,031,000 after buying an additional 120,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Apollo Commercial Real Estate Finance by 11.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after buying an additional 78,833 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in Apollo Commercial Real Estate Finance in the third quarter valued at about $793,000. Finally, QRG Capital Management Inc. acquired a new position in Apollo Commercial Real Estate Finance in the third quarter valued at about $765,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

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.