Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Free Report) CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the sale, the chief executive officer now directly owns 415,292 shares in the company, valued at $4,402,095.20. 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 Up 0.5 %
NYSE:ARI opened at $10.43 on Thursday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 34.77 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a one year low of $9.13 and a one year high of $12.74. The stock has a 50-day simple moving average of $10.95 and a 200 day simple moving average of $10.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 67.73 and a current ratio of 67.74.
Apollo Commercial Real Estate Finance Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid 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 13.42%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 466.67%.
Hedge Funds Weigh In On Apollo Commercial Real Estate Finance
Analyst Ratings Changes
ARI has been the topic of a number of analyst reports. Bank of America lowered 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. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. decreased their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and a consensus target price of $10.50.
Check Out Our Latest Stock Analysis on Apollo Commercial Real Estate Finance
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.
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