Apollo Commercial Real Est. Finance Inc (NYSE:ARI) declared a — dividend on Friday, September 13th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.46 per share by the real estate investment trust on Tuesday, October 15th. This represents a yield of 9.5%. The ex-dividend date is Friday, September 27th.

Apollo Commercial Real Est. Finance has raised its dividend payment by an average of 2.3% annually over the last three years. Apollo Commercial Real Est. Finance has a payout ratio of 106.4% 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 Est. Finance to earn $1.80 per share next year, which means the company may not be able to cover its $1.84 annual dividend with an expected future payout ratio of 102.2%.

Apollo Commercial Real Est. Finance stock traded down $0.06 during mid-day trading on Friday, hitting $19.29. The company’s stock had a trading volume of 845,810 shares, compared to its average volume of 1,142,412. The firm has a market capitalization of $2.97 billion, a PE ratio of 11.55 and a beta of 0.62. Apollo Commercial Real Est. Finance has a 1 year low of $16.41 and a 1 year high of $19.56. The company has a current ratio of 44.69, a quick ratio of 44.69 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $18.77 and its two-hundred day moving average is $18.58.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $84.99 million during the quarter, compared to analyst estimates of $82.63 million. Apollo Commercial Real Est. Finance had a return on equity of 10.22% and a net margin of 75.64%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. On average, equities analysts expect that Apollo Commercial Real Est. Finance will post 1.71 EPS for the current fiscal year.

In other Apollo Commercial Real Est. Finance news, Director Michael Salvati sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $19.02, for a total transaction of $380,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.

Separately, Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.33.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily 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 company is qualified as a REIT under the Internal Revenue Code.

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

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