The total number of short positions in Apollo Commercial Real Estate Finance, Inc. saw a significant increase in December, which contributed to the overall increase in the total number of short positions (NYSE: ARI). There were 5,580,000 shares available for short sale as of November 30, but as of December 15 there were 6,090,000 shares available for short sale. This represents a 9.1% increase over the total number of shares available for short sale as of November 30. The number of days represented by short interest is currently 4.7. This is derived from the typical trading volume of 1,300,000 shares, which is used in the calculation. Short sales represent approximately 4.4% of the total number of shares issued by the company.
The company will make a public statement regarding the payment of a quarterly dividend on January 13, according to a recent announcement just released by the company. On Friday, December 30, 2018, a dividend payment of $0.35 will be paid to currently registered shareholders. The result is a return of 13.01% and a dividend payment of $1.40 each year. The dividend will be withheld from shareholders’ accounts on Thursday 29 December. Currently, 74.47% is the value assigned to the Dividend Payout Ratio (DPR) for Apollo Commercial Real Estate Finance.
ARI started trading at $10.76 on Tuesday. The company’s three liquidity ratios, the current, quick and leverage ratios, total 22.02, while the leverage ratio stands at 0.62. Apollo Commercial Real Estate Finance hit an all-time low of $7.91 in the past year, while the company’s shares hit an all-time high of $14.55 in the same period. The company’s moving average price over the past 50 days is $11.54 and the moving average price over the previous 200 days is $11.15. The company has a price/earnings ratio of 5.72 and its beta value is 1.55%. The market capitalization of the company is $1.51 billion.
Several research analysts have provided recent commentary on the stock, who have been in communication with each other and shared their views. A report made publicly available on November 22, 2018 indicated that Bank of America (BofA) had begun providing cover for shares of Apollo Commercial Real Estate Finance. This news was shared with the public by Apollo Commercial Real Estate Finance. They gave the stock a “neutral rating” and decided that the stock price should reach a price target of $12.00. Bank of America reaffirmed a “neutral” rating on Apollo Commercial Real Estate Finance shares in a research report released Monday, Nov. 21. The brokerage firm also set a target price of $12.00 for the company’s stock at the time of the report’s release. JPMorgan Chase & Co. lowered its price target on Apollo Commercial Real Estate Finance shares from $11.00 to $9.50 and rated the company as “underweight” in a research note released on October 24. The note has been made available to the public. StockNews.com announced, in a research note published on October 12, that the company would provide coverage on the shares of Apollo Commercial Real Estate Finance. They recommended that shareholders “keep” their shares in the company. The price target that Credit Suisse Group has set for Apollo Commercial Real Estate Finance shares has been lowered to $11.00, as announced in a research report made public on Thursday, October 13.
Separately, on Monday, November 7, CEO Stuart Rothstein purchased 15,000 shares of the company. That’s one of the relevant things about it. Purchasers of the shares paid an average price of $11.18 per share when purchasing these shares, bringing the total amount paid for these shares to a total of $167,700.00. The CEO now directly owns 452,676 shares of the company, which together have an approximate value of $5,060,917.68 following completion of the acquisition. You can obtain additional information regarding the acquisition by clicking on the link provided, which will take you to a legal filing that has been filed with the SEC. Insiders hold the total number of shares of the company at 0.73%.
A significant number of shareholders have been active buyers and sellers of company stock throughout the most recent period. Investment firm Vanguard Group Inc. increased the proportion of Apollo Commercial Real Estate Finance it holds in the company by one-hundredth of one percent during the third quarter. Vanguard Group Inc. now directly owns 15,281,156 shares of the real estate investment trust following the acquisition of an additional 158,216 shares during the last fiscal year. The market value of these shares at present is $126,833,000 in total. During the second quarter, State Street Corporation realized a 2.4% increase in the proportion of Apollo Commercial Real Estate Finance shares it held. State Street Corp. now owns 5,263,454 shares of the real estate investment trust following the purchase of an additional 122,504 shares during the last quarter. The value of the holdings of State Street Corp. in the REIT at that time is $56,764,000. During the first three months of 2018, Invesco Ltd. increased its stake in Apollo Commercial Real Estate Finance by 24.6%. Invesco Ltd. owns a total stake in the real estate investment trust which is equal to 2,715,545 shares and is worth $37,827,000 after purchasing an additional 536,101 shares in the last quarter. Charles Schwab Investment Management Inc. increased the amount of Apollo Commercial Real Estate Finance shares held by 4.8% in the first three months of 2018. Charles Schwab Investment Management Inc. now owns 1,422,681 shares of the trust of real estate investment after the purchase of 64,753 additional shares. during the last trimester. The value of the company’s entire holdings of these shares amounts to a combined total of $19,819,000. In the first three months of this year, the Bank of New York Mellon Corporation increased the amount of Apollo Commercial Real Estate Finance it invested in by one percent. The Bank of New York Mellon Corp. now owns 1,378,310 shares of the real estate investment trust, valued at $19,200,000, following the acquisition of 13,735 additional shares during the last quarter. These shares were acquired during the last quarter. Most of the company’s shares, 54.57%, are held by institutional investors and hedge funds.
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