Apollo Commercial Real Estate Finance (NYSE:ARI) has tumbled 0.55% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.06% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.65% and the outperformance has advanced to 3.11% for the last 4 weeks period.
Apollo Commercial Real Estate Finance (NYSE:ARI): The stock opened at $16.61 on Friday but the bulls could not build on the opening and the stock topped out at $16.61 for the day. The stock traded down to $16.31 during the day, due to lack of any buying support eventually closed down at $16.40 with a loss of -0.97% for the day. The stock had closed at $16.56 on the previous day. The total traded volume was 2,436,385 shares.
The company shares have dropped -6.18% from its 1 Year high price. On Dec 23, 2015, the shares registered one year high at $18.25 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $16.10 and the 200 Day Moving Average price is recorded at $16.28.
On the companys insider trading activities, The director officer (President & CEO), of Apollo Commercial Real Estate Finance, Inc., Rothstein Stuart had unloaded 10,000 shares at $17.01 per share in a transaction on January 4, 2016. The total value of transaction was $170,100. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Wells Fargo downgrades its ratings on Apollo Commercial Real Estate Finance (NYSE:ARI). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 11, 2016. Currently the company Insiders own 0.71% of Apollo Commercial Real Estate Finance shares according to the proxy statements. Institutional Investors own 62.38% of Apollo Commercial Real Estate Finance shares. During last six month period, the net percent change held by insiders has seen a change of -4.68%.
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT). The Company is focused primarily on originating, investing in, acquiring and managing performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. The Companys principal business objective is to make investments in its target assets in order to provide attractive risk adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. The Company is externally managed and advised by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, LLC.