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Apollo Commercial Real Est. Finance (NYSE:ARI) CEO Stuart Rothstein unloaded 3,000 shares of the company’s stock on the open market in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,490,701. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Apollo Commercial Real Est. Finance (NYSE:ARI) opened at 16.41 on Friday. Apollo Commercial Real Est. Finance has a 1-year low of $14.56 and a 1-year high of $17.18. The stock’s 50-day moving average is $16.62 and its 200-day moving average is $16.66. The company has a market cap of $609.4 million and a price-to-earnings ratio of 12.29. Apollo Commercial Real Est. Finance also was the target of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 1,736,324 shares, a growth of 91.9% from the May 30th total of 904,763 shares. Based on an average daily trading volume, of 442,000 shares, the short-interest ratio is presently 3.9 days. Currently, 3.8% of the company’s shares are short sold.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its quarterly 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.

ARI has been the subject of a number of recent research reports. 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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