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Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI – Get Rating) CEO Stuart Rothstein acquired 15,000 shares of the company in a transaction that took place on Monday, November 7th. Shares were purchased at an average price of $11.18 per share for an aggregate purchase price of $167,700.00. Post-acquisition, the CEO now owns 452,676 shares in the company, valued at approximately $5,060,917.68. The acquisition is disclosed in legal filings with the SEC, which can be accessed via this hyperlink.
Apollo Commercial Real Estate Financial Price Performance
ARI shares fell $0.08 in intraday trading on Wednesday to reach $11.34. 730,717 shares of the company were traded with an average trading volume of 1,218,559 shares. The company has a debt to equity ratio of 0.62, a current ratio of 22.02 and a quick ratio of 22.02. The company has a market capitalization of $1.59 billion, a P/E of 6.07 and a beta of 1.54. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $7.91 and a 52-week high of $15.58. The company has a 50-day moving average price of $10.30 and a 200-day moving average price of $11.29.
Apollo Commercial Real Estate Finance Announces Dividend
The business recently announced a quarterly dividend, which was paid out on Friday, October 14th. Dividends of $0.35 per share were issued to shareholders of record on Friday, September 30. This represents his $1.40 dividend and his 12.35% yield on an annual basis. The ex-dividend date for this dividend was Thursday, September 29. Apollo Commercial Real Estate Finance’s payout percentage is currently 74.47%.
institution inflow and outflow
Recently, many hedge funds have increased or decreased their stakes in ARI. CWM LLC increased its Apollo Commercial Real Estate Finance holdings by 100.9% in the second quarter. CWM LLC now owns 2,475 shares of the real estate investment trust worth $26,000 after purchasing an additional 1,243 of his shares last quarter. Meeder Asset Management Inc. purchased approximately $31,000 worth of new shares in Apollo Commercial Real Estate Finance in the first quarter. Newbridge Financial Services Group Inc. purchased new shares in Apollo Commercial Real Estate Finance worth approximately $42,000 in the third quarter. Geneos Wealth Management Inc. increased its stake in Apollo Commercial Real Estate Finance by 721.0% in the first quarter. Geneos Wealth Management Inc. now owns 4,310 real estate investment trust shares worth $60,000 after purchasing an additional 3,785 shares last quarter. Finally, EMC Capital Management increased its stake in Apollo Commercial Real Estate Finance by 51.2% in the second quarter. EMC Capital Management owns 6,140 shares of the real estate investment trust worth $64,000 after purchasing an additional 2,080 shares last quarter. Hedge funds and other institutional investors own 55.57% of the company’s shares.
Analyst Rating Change
Several equity research analysts have recently given weight to the company. StockNews.com covered Apollo Commercial Real Estate Finance in its report on Wednesday, October 12th. They issued a “pending” rating to the company. JPMorgan Chase & Co. lowered its price target on Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set the company’s rating to “underweight,” in a report on Monday, Oct. 24. Finally, Credit Suisse Group lowered its price target for Apollo Commercial Real Estate Finance to $11.00 in a report on Thursday, October 13th.
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 and invests in commercial first mortgages, subordinated loans and other commercial real estate related debt investments in the United States. , is managing. Under the Internal Revenue Code he is certified as a REIT.
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