Insider Selling: Apollo Commercial Real Est. Finance Inc (ARI) CEO Sells 40,000 Shares of Stock

Apollo Commercial Real Est. Finance Inc (NYSE:ARI) CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $18.39, for a total transaction of $735,600.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Apollo Commercial Real Est. Finance Inc (ARI) traded down $0.12 on Thursday, reaching $18.28. 1,063,501 shares of the company’s stock traded hands, compared to its average volume of 1,533,058. The firm has a market capitalization of $1,960.00, a P/E ratio of 10.21 and a beta of 0.63. Apollo Commercial Real Est. Finance Inc has a 52 week low of $16.98 and a 52 week high of $19.92. The company has a current ratio of 291.34, a quick ratio of 291.34 and a debt-to-equity ratio of 0.83.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The company had revenue of $71.24 million during the quarter, compared to the consensus estimate of $66.40 million. Apollo Commercial Real Est. Finance had a net margin of 86.07% and a return on equity of 10.32%. Apollo Commercial Real Est. Finance’s revenue was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. research analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.46 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.84 annualized dividend and a yield of 10.07%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is 102.79%.

Separately, Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.33.

Institutional investors and hedge funds have recently made changes to their positions in the business. APG Asset Management N.V. acquired a new stake in Apollo Commercial Real Est. Finance in the third quarter valued at approximately $12,322,000. Global X MANAGEMENT CO LLC boosted its stake in Apollo Commercial Real Est. Finance by 5.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,094,934 shares of the real estate investment trust’s stock valued at $19,829,000 after acquiring an additional 54,097 shares in the last quarter. Bessemer Group Inc. boosted its stake in Apollo Commercial Real Est. Finance by 17.1% in the third quarter. Bessemer Group Inc. now owns 222,177 shares of the real estate investment trust’s stock valued at $4,023,000 after acquiring an additional 32,404 shares in the last quarter. QS Investors LLC boosted its stake in Apollo Commercial Real Est. Finance by 36.6% in the second quarter. QS Investors LLC now owns 41,894 shares of the real estate investment trust’s stock valued at $777,000 after acquiring an additional 11,215 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Apollo Commercial Real Est. Finance by 62.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 36,110 shares of the real estate investment trust’s stock valued at $654,000 after acquiring an additional 13,820 shares in the last quarter. Institutional investors own 67.63% of the company’s stock.

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About Apollo Commercial Real Est. Finance

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

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