Short Interest in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Drops By 15.3%

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

Apollo Commercial Real Estate Finance Stock Up 0.4 %

NYSE ARI traded up $0.04 on Monday, reaching $9.11. The company had a trading volume of 824,779 shares, compared to its average volume of 953,943. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.80 and a beta of 1.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.74. The company’s fifty day moving average is $9.15 and its 200-day moving average is $9.85.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.98%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is presently -108.69%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARI shares. UBS Group decreased their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday. StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.63.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARI. Triad Wealth Partners LLC bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth about $43,000. Future Financial Wealth Managment LLC bought a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth about $44,000. EverSource Wealth Advisors LLC bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth about $59,000. KBC Group NV lifted its position in 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 buying an additional 2,562 shares in the last quarter. Finally, Quest Partners LLC lifted its position in 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 buying an additional 9,458 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

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.