Insider Selling: Apollo Commercial Real Est. Finance CEO Sells 3,000 Shares of Stock (ARI)
Apollo Commercial Real Est. Finance (NYSE:ARI) CEO Stuart Rothstein sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $16.54, for a total value of $49,620.00. Following the completion of the sale, the chief executive officer now directly owns 90,127 shares in the company, valued at approximately $1,490,701. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Apollo Commercial Real Est. Finance (NYSE:ARI) traded down 0.80% during mid-day trading on Thursday, hitting $16.4973. 95,109 shares of the company’s stock traded hands. Apollo Commercial Real Est. Finance has a one year low of $14.56 and a one year high of $17.18. The stock has a 50-day moving average of $16.63 and a 200-day moving average of $16.6. The company has a market cap of $612.7 million and a P/E ratio of 12.29. Apollo Commercial Real Est. Finance also was the recipient of a large increase in short interest in the month of June. As of June 13th, there was short interest totalling 1,736,324 shares, an increase of 91.9% from the May 30th total of 904,763 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 442,000 shares, the short-interest ratio is currently 3.9 days.
Apollo Commercial Real Est. Finance (NYSE:ARI) last released its earnings data on Tuesday, April 29th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.04. During the same quarter in the prior year, the company posted $0.33 earnings per share.
A number of analysts have recently weighed in on ARI shares. Analysts at Zacks upgraded shares of Apollo Commercial Real Est. Finance from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $17.20 price target on the stock. Separately, analysts at JMP Securities cut their price target on shares of Apollo Commercial Real Est. Finance to $18.00 in a research note on Monday, June 2nd.
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust (NYSE:ARI) that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, commercial mortgage-backed securities (CMBS), subordinate financings and other commercial real estate-related debt investments in the United States.
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