Apollo Commercial Real Estate Finance Inc.’s filing revealed that its President & CEO ROTHSTEIN STUART acquired Company’s shares for reported $0.17 million on Nov 07. In the deal valued at $11.18 per share,15,000 shares were bought. As a result of this transaction, ROTHSTEIN STUART now holds 452,676 shares worth roughly $ 5.23 million.
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Then, Carlton Pamela G sold 833 shares, generating $10,647 in total proceeds. Upon selling the shares at $12.78, the Director now owns 11,229 shares.
Before that, BIDERMAN MARK C sold 10,000 shares. Apollo Commercial Real Estate Finance Inc. shares valued at $126,827 were divested by the Director at a price of $12.68 per share. As a result of the transaction, BIDERMAN MARK C now holds 65,663 shares, worth roughly $0.76 million.
PT values the company’s stock at a premium of 3.67 to its Friday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early September from “a Neutral” to “an Underweight”. BTIG Research began covering ARI with “Neutral” recommendation on February 03, 2021. Credit Suisse started covering the stock on January 08, 2020. It rated ARI as “a Neutral”.
Price Performance Review of ARI
On Friday, Apollo Commercial Real Estate Finance Inc. [NYSE:ARI] saw its stock fall -2.12% to $11.56. On the same session, the stock had its day’s lowest price of $11.405, but rose to a high of $11.69. Over the last five days, the stock has lost -3.34%. Apollo Commercial Real Estate Finance Inc. shares have risen nearly 7.43% since the year began. Nevertheless, the stocks have fallen -7.96% over the past one year. While a 52-week high of $14.55 was reached on 02/03/23, a 52-week low of $7.91 was recorded on 01/03/23. SMA at 50 days reached $11.62, while 200 days put it at $11.37. A total of 0.77 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For ARI Stock
The 24-hour chart illustrates a support level at 11.41, which if violated will result in even more drops to 11.27. On the upside, there is a resistance level at 11.70. A further resistance level may holdings at 11.84. The Relative Strength Index (RSI) on the 14-day chart is 45.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.72%. Stochastics %K at 32.49% indicates the stock is a holding.
How much short interest is there in Apollo Commercial Real Estate Finance Inc.?
A steep rise in short interest was recorded in Apollo Commercial Real Estate Finance Inc. stocks on Jan 30, 2023, dropping by -0.24 million shares to a total of 5.23 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 5.47 million shares. There was a decline of -4.59%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.96.
Apollo Commercial Real Estate Finance Inc. [ARI] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 22,163,226 shares, or roughly 15.76% of the outstanding ARI shares. In other words, the investor’s shares have fallen by -107,156 from its previous 13-F filing of 22270382.0. Additionally, The Vanguard Group, Inc. increased 1.94% of its stake after which the total value it holdings stand at $186,836,688, while SSgA Funds Management, Inc. added 3.13% of its stake to hold $65.4 million in the firm. Over the last quarter, Allspring Global Investments LLC purchased 25,295 shares of Apollo Commercial Real Estate Finance Inc., while Geode Capital Management LLC bought 78,221 shares. At present, Charles Schwab Investment Managem is holding 1,633,079 shares valued at $19.87 million. Northern Trust Investments, Inc. owned 1,534,097 shares of the company at the time of its most recent 13F filing, worth $18.67 million.
According to FactSet, Apollo Commercial Real Estate Finance Inc.’s share price will average $11.63 in the next year, based on opinions of analysts polled by the firm. This is down nearly -0.51 percent from its previous closing price of $11.81. Analysts expect Apollo Commercial Real Estate Finance Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $11.00. However, 7 analysts have rated ARI stock as a Hold in their predictions for 2023.