Insider Selling: Apollo Commercial Real Est. Finance Inc (NYSE:ARI) CEO Sells $916,500.00 in Stock

Apollo Commercial Real Est. Finance Inc (NYSE:ARI) CEO Stuart Rothstein sold 50,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $18.33, for a total transaction of $916,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NYSE ARI opened at $18.39 on Monday. The company has a market cap of $2.83 billion, a PE ratio of 14.15 and a beta of 0.59. Apollo Commercial Real Est. Finance Inc has a 52 week low of $17.46 and a 52 week high of $19.76. The company has a quick ratio of 50.29, a current ratio of 50.29 and a debt-to-equity ratio of 1.37. The firm’s 50-day simple moving average is $18.45 and its two-hundred day simple moving average is $18.61.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $85.22 million for the quarter, compared to the consensus estimate of $86.97 million. Apollo Commercial Real Est. Finance had a net margin of 63.86% and a return on equity of 10.43%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, equities research analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 10.01%. The ex-dividend date was Monday, December 30th. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is presently 110.18%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in Apollo Commercial Real Est. Finance by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,938 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 574 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Apollo Commercial Real Est. Finance by 31.3% during the third quarter. Parallel Advisors LLC now owns 3,103 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 740 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Apollo Commercial Real Est. Finance by 1.7% in the third quarter. Oppenheimer & Co. Inc. now owns 61,139 shares of the real estate investment trust’s stock worth $1,173,000 after buying an additional 1,000 shares in the last quarter. Strs Ohio lifted its holdings in shares of Apollo Commercial Real Est. Finance by 3.0% in the third quarter. Strs Ohio now owns 41,800 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 1,200 shares in the last quarter. Finally, Manchester Financial Inc. purchased a new stake in shares of Apollo Commercial Real Est. Finance in the fourth quarter worth about $25,000. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. Compass Point assumed coverage on shares of Apollo Commercial Real Est. Finance in a research report on Monday, December 2nd. They set a “neutral” rating and a $18.80 price target for the company. Credit Suisse Group assumed coverage on shares of Apollo Commercial Real Est. Finance in a research report on Wednesday, January 8th. They set a “neutral” rating and a $18.00 price target for the company. TheStreet lowered shares of Apollo Commercial Real Est. Finance from a “b” rating to a “c+” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered shares of Apollo Commercial Real Est. Finance from an “overweight” rating to a “neutral” rating and set a $18.50 price target for the company. in a research report on Tuesday, October 22nd. Finally, Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, December 25th. Five analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $19.08.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

Further Reading: What are the qualifications of a portfolio manager?

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