Short Interest in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Increases By 17.7%

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Free Report) was the recipient of a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 3,990,000 shares, a growth of 17.7% from the February 14th total of 3,390,000 shares. Based on an average daily volume of 881,000 shares, the short-interest ratio is presently 4.5 days.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $11.45, for a total transaction of $458,000.00. Following the completion of the transaction, the chief executive officer now owns 541,675 shares in the company, valued at approximately $6,202,178.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in Apollo Commercial Real Estate Finance by 6.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 97,922 shares of the real estate investment trust’s stock worth $1,150,000 after acquiring an additional 6,198 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in Apollo Commercial Real Estate Finance by 133.9% in the 4th quarter. Baker Avenue Asset Management LP now owns 155,146 shares of the real estate investment trust’s stock worth $1,821,000 after acquiring an additional 88,821 shares during the last quarter. Barclays PLC raised its stake in shares of Apollo Commercial Real Estate Finance by 113.3% during the 4th quarter. Barclays PLC now owns 290,474 shares of the real estate investment trust’s stock valued at $3,411,000 after buying an additional 154,284 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 8.7% during the 4th quarter. Nuveen Asset Management LLC now owns 807,797 shares of the real estate investment trust’s stock valued at $9,485,000 after buying an additional 64,961 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Apollo Commercial Real Estate Finance by 67.9% during the 4th quarter. Public Sector Pension Investment Board now owns 269,874 shares of the real estate investment trust’s stock valued at $3,168,000 after buying an additional 109,141 shares during the last quarter. Hedge funds and other institutional investors own 53.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective for the company. in a research note on Monday, March 4th. UBS Group assumed coverage on shares of Apollo Commercial Real Estate Finance in a research note on Wednesday, December 6th. They set a “neutral” rating and a $10.50 price objective for the company. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.38.

Check Out Our Latest Research Report on Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $11.15 on Friday. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 37.15 and a beta of 1.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 67.74 and a quick ratio of 67.73. The business has a fifty day moving average of $11.19 and a 200 day moving average of $10.91. Apollo Commercial Real Estate Finance has a 1 year low of $8.58 and a 1 year high of $12.74.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 12.56%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 466.67%.

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, the United Kingdom, and Europe.

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