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Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Sees Significant Decline in Short Interest

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating ) was the target of a large drop in short interest during the month of October. As of October 31st, short interest totaled 5,460,000 shares, a decrease of 8.4% from the October 15th total of 5,960,000 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 1,350,000 shares, the short interest ratio is currently 4.0 days.

Analysts set new price targets

Several equities analysts have recently issued reports on ARI shares. Credit Suisse Group decreased their price objective on Apollo Commercial Real Estate Finance to $11.00 in a research note on Thursday, October 13th. StockNews.com began coverage on Apollo Commercial Real Estate Finance in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. decreased their target price on Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set an “underweight” rating on the stock in a report on Monday, October 24th.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $12.07 on Wednesday. The company’s 50-day moving average is $10.36 and its 200-day moving average is $11.26. 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 fifty-two week low of $7.91 and a fifty-two week high of $14.98. The company has a market cap of $1.70 billion, a P/E ratio of 6.42 and a beta of 1.54.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.35 dividend. The ex-dividend date was Thursday, September 29th. This represents an annual dividend of $1.40 and a dividend yield of 11.60%. Apollo Commercial Real Estate Finance’s payout ratio is currently 74.47%.

Insider buying and selling

In related news, CEO Stuart Rothstein acquired 15,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was purchased at an average cost of $11.18 per share, with a total value of $167,700.00. Following the acquisition, the chief executive officer now directly owns 452,676 shares of the company’s stock, valued at $5,060,917.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV grew its position in Apollo Commercial Real Estate Finance by 69.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 64,084 shares of the real estate investment trust’s stock valued at $532,000 after acquiring an additional 26,236 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 1.0% during 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 buying an additional 158,216 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Apollo Commercial Real Estate Finance by 4.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 99,387 shares of the real estate investment trust’s stock valued at $825,000 after buying an additional 3,881 shares during the last quarter. Financial Advocates Investment Management raised its stake in Apollo Commercial Real Estate Finance by 15.4% during the third quarter. Financial Advocates Investment Management now owns 179,921 shares of the real estate investment trust’s stock valued at $1,493,000 after purchasing an additional 24,013 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Apollo Commercial Real Estate Finance by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 1,340,829 shares of the real estate investment trust’s stock valued at $11,128,000 after buying an additional 46,836 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s shares.

Apollo Commercial Real Estate Finance Company Profile

(Get rating)

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, subordinated financing 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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