Stock Traders Buy High Volume of Put Options on Apollo Commercial Real Estate Finance (NYSE:ARI)

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 20,752 put options on the company. This represents an increase of 2.704% compared to the average daily volume of 740 put options.

Apollo Commercial Real Estate Finance Price Performance

Shares of Apollo Commercial Real Estate Finance stock traded down $0.44 on Monday, hitting $11.67. 36,206 shares of the company traded hands, compared to its average volume of 1,186,104. The stock has a market capitalization of $1.64 billion, a P/E ratio of 6.44 and a beta of 1.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 22.02 and a current ratio of 22.02. Apollo Commercial Real Estate Finance has a 52 week low of $7.91 and a 52 week high of $14.55. The business has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $11.24.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.00%. The ex-dividend date was Thursday, September 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 74.47%.

Insiders Activity

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein acquired 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, November 7th. The stock was purchased at an average cost of $11.18 per share, for a total transaction of $167,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 452,676 shares of the company’s stock, valued at $5,060,917.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.0% in the third quarter. Vanguard Group Inc. now owns 15,281,156 shares of the real estate investment trust’s stock valued at $126,833,000 after purchasing an additional 158,216 shares in the last quarter. State Street Corp boosted its stake in Apollo Commercial Real Estate Finance by 2.4% during the second quarter. State Street Corp now owns 5,263,454 shares of the real estate investment trust’s stock worth $56,764,000 after buying an additional 122,504 shares during the period. invesco ltd boosted its stake in Apollo Commercial Real Estate Finance by 24.6% during the first quarter. invesco ltd now owns 2,715,545 shares of the real estate investment trust’s stock worth $37,827,000 after buying an additional 536,101 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Apollo Commercial Real Estate Finance by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,422,681 shares of the real estate investment trust’s stock worth $19,819,000 after buying an additional 64,753 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Apollo Commercial Real Estate Finance by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 1,378,310 shares of the real estate investment trust’s stock worth $19,200,000 after buying an additional 13,735 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analyst’s Set New Price Targets

ARI has been the subject of a number of research reports. Bank of America reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of Apollo Commercial Real Estate Finance in a research note on Monday, November 21st. StockNews.com started coverage on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, October 12th. They set a “hold” rating for the company. Credit Suisse Group lowered their price target on shares of Apollo Commercial Real Estate Finance to $11.00 in a report on Thursday, October 13th. JPMorgan Chase & Co. decreased their price objective on shares of 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, Bank Of America (Bofa) initiated coverage on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, November 22nd. They issued a “neutral” rating and a $12.00 price objective for the company.

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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