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

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) announced a quarterly dividend on Wednesday, September 11th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.25 per share by the real estate investment trust on Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 10.52%. The ex-dividend date is Monday, September 30th.

Apollo Commercial Real Estate Finance has raised its dividend payment by an average of 21.3% annually over the last three years. Apollo Commercial Real Estate Finance has a payout ratio of 129.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Apollo Commercial Real Estate Finance to earn $0.94 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 148.9%.

Apollo Commercial Real Estate Finance Stock Down 6.7 %

Shares of Apollo Commercial Real Estate Finance stock traded down $0.68 on Thursday, reaching $9.51. 4,788,337 shares of the company were exchanged, compared to its average volume of 873,590. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -12.19, a PEG ratio of 2.17 and a beta of 1.76. Apollo Commercial Real Estate Finance has a one year low of $9.14 and a one year high of $12.74. The company has a 50-day moving average of $10.39 and a 200 day moving average of $10.46. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63.

Wall Street Analyst Weigh In

ARI has been the subject of several research reports. BTIG Research initiated coverage on shares of Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price target on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and an average target price of $10.25.

Insider Buying and Selling

In related news, Director Scott Prince sold 4,935 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the sale, the director now directly owns 81,154 shares in the company, valued at $821,278.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate 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.