Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders bought 5,187 put options on the company. This is an increase of 1,417% compared to the typical daily volume of 342 put options.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at about $3,459,000. Readystate Asset Management LP bought a new position in shares of Apollo Commercial Real Estate Finance in the first quarter worth about $4,760,000. NewGen Asset Management Ltd purchased a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter valued at about $3,228,000. Family Manage LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter valued at about $1,682,000. Finally, Greenland Capital Management LP bought a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $9,238,000. 54.43% of the stock is owned by hedge funds and other institutional investors.
Apollo Commercial Real Estate Finance Stock Performance
Shares of NYSE:ARI traded up $0.07 during midday trading on Monday, reaching $6.92. 815,575 shares of the company’s stock traded hands, compared to its average volume of 2,481,830. Apollo Commercial Real Estate Finance has a one year low of $6.43 and a one year high of $11.24. The company has a market cap of $889.50 million, a price-to-earnings ratio of 8.65 and a beta of 1.36. The stock has a 50 day moving average of $8.14 and a 200 day moving average of $9.84.
Apollo Commercial Real Estate Finance Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $3.75 per share. This represents a $15.00 dividend on an annualized basis and a dividend yield of 216.8%. This is an increase from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 125.00%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on ARI shares. Bank of America started coverage on Apollo Commercial Real Estate Finance in a research report on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 price target for the company. BTIG Research downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Zacks Research lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings raised shares of Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and an average target price of $11.33.
Get Our Latest Research Report on ARI
Apollo Commercial Real Estate Finance Company Profile
Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.
ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.
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