Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Dividend of $ 0.35 (NYSE: ARI)

Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI – Get Rating) declared a quarterly dividend on Wednesday, June 15th, Wall Street Journal reports. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.35 per share by the real estate investment trust on Friday, July 15th. This represents a $ 1.40 annualized dividend and a yield of 13.81%. The ex-dividend date of this dividend is Wednesday, June 29th.

Apollo Commercial Real Estate Finance has decreased its dividend by an average of 8.7% annually over the last three years. Apollo Commercial Real Estate Finance has a payout ratio of 97.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Apollo Commercial Real Estate Finance to earn $ 1.32 per share next year, which means the company may not be able to cover its $ 1.40 annual dividend with an expected future payout ratio of 106.1%.

ARI stock traded up $ 0.05 during midday trading on Wednesday, reaching $ 10.14. 2,010,020 shares of the company’s stock traded hands, compared to its average volume of 1,179,729. The company has a current ratio of 66.05, a quick ratio of 66.05 and a debt-to-equity ratio of 2.85. The stock’s 50-day moving average is $ 12.62 and its 200 day moving average is $ 13.18. Apollo Commercial Real Estate Finance has a 52-week low of $ 9.83 and a 52-week high of $ 16.94. The stock has a market cap of $ 1.43 billion, a P / E ratio of 9.09 and a beta of 1.25.

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Apollo Commercial Real Estate Finance (NYSE: ARI – Get Rating) last posted its quarterly earnings results on Monday, April 25th. The real estate investment trust reported $ 0.35 EPS for the quarter, topping the consensus estimate of $ 0.33 by $ 0.02. Apollo Commercial Real Estate Finance had a net margin of 70.24% and a return on equity of 8.63%. During the same period in the prior year, the firm posted $ 0.36 EPS. As a group, research analysts expect that Apollo Commercial Real Estate Finance will post 1.17 EPS for the current fiscal year.

A number of equities analysts have issued reports on ARI shares. JPMorgan Chase & Co. raised their price target on shares of Apollo Commercial Real Estate Finance from $ 13.00 to $ 13.50 and gave the stock a “neutral” rating in a research report on Monday, April 25th. StockNews.com initiated coverage on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

In other news, Director Mark C. Biderman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $ 12.68, for a total transaction of $ 126,800.00. Following the completion of the sale, the director now owns 65,663 shares in the company, valued at $ 832,606.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of ARI. Atria Wealth Solutions Inc. purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 1st quarter valued at about $ 423,000. SVB Wealth LLC acquired a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth $ 319,000. Natixis Advisors LP raised its stake in shares of Apollo Commercial Real Estate Finance by 28.0% in the 1st quarter. Natixis Advisors LP now owns 22,392 shares of the real estate investment trust’s stock worth $ 312,000 after buying an additional 4,899 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 28.9% in the 1st quarter. Penserra Capital Management LLC now owns 20,561 shares of the real estate investment trust’s stock worth $ 286,000 after buying an additional 4,608 shares in the last quarter. Finally, Mariner LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth $ 267,000. 57.62% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Company Profile (Get Rating)

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. It is qualified as a REIT under the Internal Revenue Code.

See Also

Dividend History for Apollo Commercial Real Estate Finance (NYSE: ARI)

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