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Apollo Commercial Real Estate Finance (NYSE:ARI) Shares Pass Above Two Hundred Day Moving Average of $12.51


Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.51 and traded as high as $13.02. Apollo Commercial Real Estate Finance shares last traded at $13.00, with a volume of 632,266 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ARI shares. Credit Suisse Group cut their target price on shares of Apollo Commercial Real Estate Finance to $13.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, April 25th.

Apollo Commercial Real Estate Finance Stock Up 1.3%

The company has a quick ratio of 38.25, a current ratio of 38.24 and a debt-to-equity ratio of 3.09. The company has a 50 day simple moving average of $11.31 and a two-hundred day simple moving average of $12.51. The company has a market capitalization of $1.83 billion, a P/E ratio of 11.50 and a beta of 1.34.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a return on equity of 8.22% and a net margin of 71.47%. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, equities analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 1.29 EPS for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 10.77%. The ex-dividend date of this dividend was Wednesday, June 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 123.89%.

Insider Buying and Selling

In related news, Director Mark C. Biderman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $12.68, for a total transaction of $126,800.00. Following the transaction, the director now directly owns 65,663 shares in the company, valued at approximately $832,606.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System boosted its stake in shares of Apollo Commercial Real Estate Finance by 1.5% during the first quarter. Maryland State Retirement & Pension System now owns 53,190 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 766 shares during the period. H&H Retirement Design & Management INC boosted its position in Apollo Commercial Real Estate Finance by 2.8% in the 4th quarter. H&H Retirement Design & Management INC now owns 29,818 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 801 shares during the period. Mackenzie Financial Corp grew its stake in Apollo Commercial Real Estate Finance by 6.1% in the 1st quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 857 shares in the last quarter. CIBC Asset Management Inc grew its stake in Apollo Commercial Real Estate Finance by 5.9% in the 4th quarter. CIBC Asset Management Inc now owns 17,817 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 990 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Apollo Commercial Real Estate Finance by 83.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,200 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 57.62% of the company’s stock.

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. It is qualified as a REIT under the Internal Revenue Code.

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