Apollo Commercial Real Estate Finance, Inc. to Issue Quarterly Dividend of $0.25 (NYSE:ARI)

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.25 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 10.12%. The ex-dividend date of this dividend is Monday, March 31st.

Apollo Commercial Real Estate Finance has increased its dividend payment by an average of 1.3% annually over the last three years. Apollo Commercial Real Estate Finance has a dividend payout ratio of 84.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Apollo Commercial Real Estate Finance Stock Up 1.0 %

ARI traded up $0.10 during trading on Wednesday, hitting $9.89. The company had a trading volume of 668,585 shares, compared to its average volume of 971,199. The company has a market capitalization of $1.37 billion, a PE ratio of -10.41 and a beta of 1.74. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a one year low of $8.44 and a one year high of $11.64. The firm’s 50-day moving average price is $9.37 and its 200 day moving average price is $9.31.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. As a group, equities analysts expect that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ARI shares. UBS Group boosted their price target on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.08.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total transaction of $109,560.00. Following the completion of the transaction, the director now owns 9,624 shares in the company, valued at $95,855.04. This trade represents a 53.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by company insiders.

Apollo Commercial Real Estate Finance Company Profile

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, the United Kingdom, and Europe.