Apollo Commercial Real Est. Finance Inc (NYSE:ARI) declared a quarterly dividend on Wednesday, March 14th, Wall Street Journal reports. Stockholders of record on Friday, March 30th will be given a dividend of 0.46 per share by the real estate investment trust on Monday, April 16th. This represents a $1.84 annualized dividend and a dividend yield of 9.92%. The ex-dividend date of this dividend is Wednesday, March 28th.
Apollo Commercial Real Est. Finance has increased its dividend by an average of 4.8% annually over the last three years. Apollo Commercial Real Est. Finance has a dividend payout ratio of 114.3% 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 analysts expect Apollo Commercial Real Est. Finance to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 95.3%.
Apollo Commercial Real Est. Finance (NYSE:ARI) traded down $0.06 on Wednesday, hitting $18.55. The stock had a trading volume of 21,122,125 shares, compared to its average volume of 1,966,476. The company has a market cap of $1,990.00, a price-to-earnings ratio of 12.26 and a beta of 0.52. The company has a current ratio of 38.53, a quick ratio of 38.53 and a debt-to-equity ratio of 0.28. Apollo Commercial Real Est. Finance has a 52-week low of $17.56 and a 52-week high of $19.92.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine lowered Apollo Commercial Real Est. Finance from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Apollo Commercial Real Est. Finance has a consensus rating of “Hold” and an average price target of $19.33.
In related news, Director Michael Salvati sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $18.55, for a total transaction of $185,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $18.39, for a total value of $735,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
Apollo Commercial Real Est. Finance Company Profile
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.
Receive News & Ratings for Apollo Commercial Real Est. Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Est. Finance and related companies with MarketBeat.com's FREE daily email newsletter.