Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Stuart Rothstein Purchases 15,000 Shares

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) CEO Stuart Rothstein acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was purchased at an average cost of $11.18 per share, with a total value of $167,700.00. Following the acquisition, the chief executive officer now owns 452,676 shares in the company, valued at approximately $5,060,917.68. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Apollo Commercial Real Estate Finance Price Performance

ARI stock traded down $0.08 during mid-day trading on Wednesday, reaching $11.34. 730,717 shares of the company traded hands, compared to its average volume of 1,218,559. The company has a debt-to-equity ratio of 0.62, a current ratio of 22.02 and a quick ratio of 22.02. The company has a market capitalization of $1.59 billion, a P/E ratio of 6.07 and a beta of 1.54. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $7.91 and a 52-week high of $15.58. The company has a fifty-day moving average price of $10.30 and a 200-day moving average price of $11.29.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 12.35%. The ex-dividend date of this dividend was Thursday, September 29th. Apollo Commercial Real Estate Finance’s payout ratio is currently 74.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ARI. CWM LLC grew its holdings in Apollo Commercial Real Estate Finance by 100.9% during the 2nd quarter. CWM LLC now owns 2,475 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,243 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance during the first quarter worth about $31,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance during the third quarter worth about $42,000. Geneos Wealth Management Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 721.0% during the first quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 3,785 shares in the last quarter. Finally, EMC Capital Management grew its holdings in shares of Apollo Commercial Real Estate Finance by 51.2% during the second quarter. EMC Capital Management now owns 6,140 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,080 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Analyst Rating Changes

Several equities research analysts recently weighed in on the company. StockNews.com assumed coverage on Apollo Commercial Real Estate Finance in a report on Wednesday, October 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their price objective on Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set an “underweight” rating for the company in a report on Monday, October 24th. Finally, Credit Suisse Group decreased their price objective on Apollo Commercial Real Estate Finance to $11.00 in a report on Thursday, October 13th.

About Apollo Commercial Real Estate Finance

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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. It is qualified as a REIT under the Internal Revenue Code.

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