Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Director Robert A. Kasdin Sells 15,000 Shares
Robert A. Kasdin, director of Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI), sold 15,000 shares in the company on Thursday, May 13. The shares were sold at an average price of $ 14.75 for a total transaction of $ 221,250.00. Following the transaction, the director now directly owns 67,855 shares in the company valued at $ 1,000,861.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink.
ARI stock rose $ 0.27 during midday trading on Friday to hit $ 15.20. 666,520 shares of the company’s shares were traded, compared to an average volume of 944,187. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $ 6.77 and a 52-week high of $ 15.54. The stock has a market cap of $ 2.13 billion, a P / E of 65.61, and a beta of 1.28. The company has a current rate of 65.75, a fast rate of 65.75, and a leverage ratio of 0.45. The stock’s 50-day moving average is $ 14.74 and the 200-day moving average is $ 12.49.
Apollo Commercial Real Estate Finance (NYSE: ARI) last announced its results on Tuesday, February 9th. The Real Estate Investment Trust reported earnings per share of $ 0.36 for the quarter, beating Zacks’ consensus estimate of $ 0.32 by $ 0.04. Apollo Commercial Real Estate Finance had a net margin of 18.14% and a return on equity of 9.64%. Analysts assume that Apollo Commercial Real Estate Finance, Inc. will report an EPS of 0.92 for the current fiscal year.
The company recently announced a quarterly dividend, which was paid on Thursday, April 15th. On Wednesday March 31st, a dividend of $ 0.35 per share was paid to shareholders of record. The ex-dividend date for this dividend was Tuesday, March 30th. This equates to a dividend of $ 1.40 on an annual basis and a yield of 9.21%. Apollo Commercial Real Estate Finance’s payout ratio is currently 79.10%.
(Display)
The expert Jeff Clark will release its number 1 for trading in 2021.
Since he recommended this stock, you could have used it for 269% and even 273% gains in just 8 days.
Several research analysts recently rated the stock. Credit Suisse Group raised its price target for shares in Apollo Commercial Real Estate Finance from USD 13.00 to USD 15.00 and gave the company a “neutral” rating in a report on Tuesday, March 23rd. BTIG Research took over coverage of shares in Apollo Commercial Real Estate Finance in a report on Tuesday, February 2nd. You have set a “neutral” rating for the company. Zacks Investment Research increased the shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a report on Thursday April 29, setting a price target of $ 17.00 for the company . Finally, Raymond James confirmed a “hold” rating on shares in Apollo Commercial Real Estate Finance in a report on Monday April 26th.
Several institutional investors and hedge funds have recently bought and sold ARI stock. Marshall Wace North America LP bought a new position in Apollo Commercial Real Estate Finance shares valued at approximately $ 25,000 in the first quarter. Certified Advisory Corp bought a new position in Apollo Commercial Real Estate Finance shares valued at approximately $ 33,000 in the first quarter. Fieldpoint Private Securities LLC acquired a new position in Apollo Commercial Real Estate Finance shares valued at approximately $ 34,000 in the fourth quarter. Carroll Financial Associates Inc. increased its position in Apollo Commercial Real Estate Finance stocks by 2,586.7% in the first quarter. Carroll Financial Associates Inc. now owns 4,030 shares of the real estate investment trust valued at $ 56,000 after purchasing an additional 3,880 shares during the period. Finally, Veriti Management LLC bought a new position in Apollo Commercial Real Estate Finance shares valued at approximately $ 78,000 in the fourth quarter. Institutional investors and hedge funds own 63.71% of the company’s stock.
Apollo Commercial Real Estate Finance company profile
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that raises, purchases, invests, and manages commercial prime mortgage loans, subordinated finance, and other commercial real estate-related debt in the United States. It is qualified as a REIT under the Internal Revenue Code.
Special story: price-performance ratio (PE)
This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage possible. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
Selected article: How is the price-performance ratio?
7 cyclical stocks that can help you play defense
A cyclical stock is one that generates returns that are influenced by macroeconomic or systematic changes in the overall economy. During strong economic times, these stocks generally show strong growth as they are influenced by discretionary consumer spending. That of course also means that the opposite is the case. When the economy is weak, these stocks can pull back further than other stocks.
Cyclical stocks cover many sectors, but travel and entertainment stocks come to mind. Airlines, hotels and restaurants are examples of cyclical sectors that perform well in times of economic growth, but pull back to the first in times of recession.
Why do cyclical stocks deserve a place in an investor’s portfolio? Believe it or not, it is for the relative predictability that they offer. Investors may enjoy speculating in growth stocks, but these are prone to bubble. This doesn’t mean that cyclical stocks aren’t volatile, but they do offer slightly more predictable price action.
In this special presentation, we look at cyclical stocks that look strong when we get out of the pandemic. And some of those stocks have held up well during the pandemic, which means they are assuming stronger footing.
Check out “7 Cyclical Stocks That Can Help You Play Defense”.