On August 15, 2024, Director Scott Prince made a significant transaction involving shares of Apollo Commercial Real Estate Finance Inc (NYSE:ARI), selling 40,000 shares at a price of $10.07 per share. The transaction, as described in the SEC filing, resulted in a total sale amount of $402,800. Following this sale, the insider now owns 41,154 shares of the company’s stock.
Apollo Commercial Real Estate Finance Inc. (NYSE:ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages high-performing commercial first mortgage loans, subordinated financings, commercial mortgage-backed securities and other commercial real estate-related debt investments.
Over the past year, Scott Prince has sold a total of 44,935 shares of the company’s stock and made no purchases. The insider transaction history for Apollo Commercial Real Estate Finance Inc shows a trend with 0 insider purchases and 8 insider sales over the past year.
Apollo Commercial Real Estate Finance Inc. shares traded at $10.07 on the day of the sale, giving the company a market capitalization of approximately $1.41 billion. The price-to-earnings ratio is 158.91, well above the industry median of 16.85 and the company’s historical median.
The current share price of $10.07 compared to its GF Value of $13.03 suggests that Apollo Commercial Real Estate Finance Inc. is slightly undervalued with a Price to GF Value ratio of 0.77.
The GF value is calculated by taking into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance provided by Morningstar analysts.
This recent insider sale may be of interest to investors tracking ownership changes and evaluating the stock’s current valuation metrics.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
