Short Interest at Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is increasing significantly.
The overall number of short positions in Apollo Commercial Real Estate Finance, Inc. saw a significant rise during December, which contributed to the overall increase in the total number of short positions (NYSE: ARI). There were 5,580,000 shares available for a short sale as of November 30, but as of December 15, there were 6,090,000 shares available for a short sale. This represents a 9.1% increase from the total shares available for a short sale as of November 30. The number of days represented by short interest is currently 4.7. This is derived from the typical trading volume of 1,300,000 shares, which is used in the calculation. Short sales account for approximately 4.4% of the total number of shares issued by the company.
The company will make a public statement regarding the payment of a quarterly dividend on January 13, according to a recent announcement that was just made public by the company. On Friday, December 30, 2018, a dividend payment of $0.35 will be made to the shareholders who are currently on record. The result is a yield of 13.01% and a dividend payment of $1.40 each and every year. The dividend will be withheld from shareholder accounts on Thursday, December 29. Currently, 74.47% is the value assigned to the dividend payout ratio (DPR) for Apollo Commercial Real Estate Finance.
ARI started trading at $10.76 on Tuesday. All three of the company’s liquidity ratios, the current, quick, and debt-to-equity ratios, total 22.02, while the debt-to-equity ratio stands at 0.62. Apollo Commercial Real Estate Finance reached an all-time low of $7.91 during the past year, while the company’s stock reached an all-time high of $14.55 during the same period. The company’s moving average price over the previous 50 days is $11.54, and the moving average price over the previous 200 days is $11.15. The company has a price-to-earnings ratio of 5.72, and its beta value comes in at 1.55 percent. The market capitalization of the company is $1.51 billion.
Several research analysts have provided recent commentary on the stock, who have been in communication with one another and have shared their perspectives. A report made available to the public on November 22, 2018, stated that Bank of America (BofA) had begun providing coverage for shares of Apollo Commercial Real Estate Finance. This news was shared with the public by Apollo Commercial Real Estate Finance. They gave the stock a ”neutral rating,” and they decided that the share price should reach a price objective of $12.00. Bank of America reaffirmed a “neutral” rating on shares of Apollo Commercial Real Estate Finance in a research report published on Monday, November 21. The brokerage firm also established a target price of $12.00 for the company’s stock at the time of the report’s publication. JPMorgan Chase & Co. lowered their target price on Apollo Commercial Real Estate Finance shares from $11.00 to $9.50 and rated the company “underweight” in a research note that was made public on October 24. The note was made available to the public. StockNews.com announced, in a research note released on October 12, that the company would be providing coverage on shares of Apollo Commercial Real Estate Finance. They recommended that shareholders “hold” their shares of the company. The price objective that Credit Suisse Group has set for the shares of Apollo Commercial Real Estate Finance has been lowered to $11.00, as announced in a research report that was made public on Thursday, October 13.
In related news, on Monday, November 7, Chief Executive Officer Stuart Rothstein purchased 15,000 shares of the company’s stock. This is one of the items relevant to this topic. The purchasers of the shares paid an average price of $11.18 per share while purchasing those shares, bringing the total amount paid for those shares to a total of $167,700.00. The CEO now has direct ownership of 452,676 company shares, which together have an approximate value of $5,060,917.68 as a result of the completion of the acquisition. You can obtain additional information regarding the acquisition by clicking on the link provided, which will take you to a legal file that has been presented to the SEC. Insiders own the total number of shares of stock in the company to the tune of 0.73%.
A sizeable number of shareholders have been active buyers and sellers of company stock throughout the most recent period. The investment firm Vanguard Group Inc. increased the proportion of Apollo Commercial Real Estate Finance that it owns in the company by one-hundredth of one percent during the third quarter. Vanguard Group Inc. now directly owns 15,281,156 shares of the real estate investment trust following the acquisition of 158,216 additional shares during the most recent fiscal period. The value of these shares on the market as of right now is $126,833,000 in total. During the second quarter, State Street Corporation completed a 2.4% increase in the proportion of Apollo Commercial Real Estate Finance shares that it owned. State Street Corp. now holds 5,263,454 shares of the real estate investment trust following purchasing an additional 122,504 shares during the most recent quarter. The value of State Street Corp.’s holdings in the REIT as of this moment is $56,764,000. In the first three months of 2018, Invesco Ltd. its ownership stake in Apollo Commercial Real Estate Finance grew by 24.6%. invesco ltd has a total ownership stake in the real estate investment trust that is equal to 2,715,545 shares and is worth $37,827,000 after purchasing an additional 536,101 shares during the most recent quarter. Charles Schwab Investment Management Inc. increased the amount of Apollo Commercial Real Estate Finance stock owned by 4.8% during the first three months of 2018. Charles Schwab Investment Management Inc. now has 1,422,681 shares of the real estate investment trust following purchasing an additional 64,753 shares during the most recent quarter. The value of the company’s complete holdings of these shares comes to a combined total of $19,819,000. During the first three months of this year, the Bank of New York Mellon Corporation raised the amount of Apollo Commercial Real Estate Finance in which it invested by one percent. The Bank of New York Mellon Corp. now has 1,378,310 shares of the real estate investment trust, valued at $19,200,000, following the acquisition of an additional 13,735 shares during the most recent quarter. These shares were acquired during the most recent quarter. Most of the company’s shares, or 54.57%, are owned by institutional investors and hedge funds.