Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Short Interest Update

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 4,150,000 shares, a drop of 15.3% from the October 15th total of 4,900,000 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is presently 3.5 days.

Apollo Commercial Real Estate Finance Stock Down 0.4 %

ARI stock traded down $0.04 during mid-day trading on Friday, hitting $9.07. The stock had a trading volume of 1,236,905 shares, compared to its average volume of 954,525. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.74. The company has a fifty day moving average of $9.15 and a 200 day moving average of $9.85. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -9.86 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.03%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is presently -108.70%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several large investors have recently added to or reduced their stakes in ARI. Triad Wealth Partners LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $43,000. Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance during the third quarter valued at about $44,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter worth about $59,000. KBC Group NV boosted its stake in shares of Apollo Commercial Real Estate Finance by 57.7% during the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,562 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 9,458 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. UBS Group reduced their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday. BTIG Research began coverage on Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They set a “neutral” rating on the stock. Finally, StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.63.

About Apollo Commercial Real Estate Finance

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.