Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Carmencita N.M. Whonder Sells 11,000 Shares

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Carmencita N.M. Whonder sold 11,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total value of $109,560.00. Following the completion of the sale, the director now directly owns 9,624 shares in the company, valued at $95,855.04. This represents a 53.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apollo Commercial Real Estate Finance Stock Down 0.2 %

NYSE ARI opened at $9.97 on Friday. The business’s fifty day simple moving average is $9.30 and its 200-day simple moving average is $9.33. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.38 billion, a PE ratio of -10.49 and a beta of 1.74. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $8.44 and a 52 week high of $11.64.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, equities analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 10.04%. Apollo Commercial Real Estate Finance’s payout ratio is -105.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of 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. UBS Group boosted their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, StockNews.com raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus price target of $9.08.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several large investors have recently modified their holdings of ARI. Smartleaf Asset Management LLC raised its holdings in Apollo Commercial Real Estate Finance by 327.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,332 shares during the period. Sterling Capital Management LLC boosted its stake in Apollo Commercial Real Estate Finance by 783.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 3,872 shares during the period. CF Capital LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at about $52,000. KBC Group NV raised its stake in shares of Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,562 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $67,000. Institutional investors and hedge funds 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.