Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Sees Significant Growth in Short Interest

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) saw short-term interest rates rise sharply in January. As of January 15th, there was short interest totaling 3,480,000 shares, an increase of 64.9% from the December 31st total of 2,110,000 shares. About 2.5% of the company’s shares are sold short. Based on an average daily trading volume of 1,130,000 shares, the short interest ratio is currently 3.1 days.

Separately, Zacks Investment Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 28.

In other news, Director Robert A. Kasdin sold 15,000 shares of the company’s stock in a transaction that took place on Wednesday, November 10th. The stock sold at an average price of $15.43 for a total transaction of $231,450.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this link. Insiders own 0.46% of the company’s shares.

A number of large investors have recently added to or reduced their stakes in ARI. Gemmer Asset Management LLC increased its stake in Apollo Commercial Real Estate Finance by 234.0% during the fourth quarter. Gemmer Asset Management LLC now owns 1,927 shares of the Real Estate Investment Trust valued at $25,000 after purchasing an additional 1,350 shares during the period. Marshall Wace North America LP acquired a new interest in Apollo Commercial Real Estate Finance stock valued at approximately $25,000 during the first quarter. Evolution Wealth Advisors LLC acquired a new interest in shares of Apollo Commercial Real Estate Finance worth approximately $32,000 during the third quarter. Sphinx Trading LP acquired a new stake in Apollo Commercial Real Estate Finance stock valued at approximately $45,000 during the third quarter. Finally, Future Financial Wealth Management LLC acquired a new stake in Apollo Commercial Real Estate Finance stock valued at approximately $62,000 during the fourth quarter. 58.15% of the shares are currently owned by hedge funds and other institutional investors.

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Shares of ARI rose $0.13 during Monday’s trading hours to hit $13.42. 11,133 shares of hands traded compared to its average volume of 1,132,789. The company has a current ratio of 66.82, a quick ratio of 66.82 and a debt to equity ratio of 2.29. Apollo Commercial Real Estate Finance has a 1 year low of $11.02 and a 1 year high of $16.94. The company has a market cap of $1.88 billion, a P/E of 9.49 and a beta of 1.28. The company has a 50-day moving average of $13.55 and a 200-day moving average of $14.63.

The company also recently announced a quarterly dividend, which was paid on Saturday, January 15th. A dividend of $0.35 was paid to shareholders of record on Friday, December 31st. That equates to an annualized dividend of $1.40 and a yield of 10.43%. The ex-dividend date of this dividend was Thursday December 30th. Apollo Commercial Real Estate Finance’s payout ratio is 100.00%.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires, invests and manages commercial real estate mortgage loans, subordinated financing and other commercial real estate debt investments. It offers lending programs that include senior loans, subordinated debt, bridge loans and preferred stock.

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