Apollo Commercial Real Estate Finance (NYSE:ARI) Declares $0.25 Quarterly Dividend

Apollo Commercial Real Estate Finance (NYSE:ARI) declared a quarterly dividend on Tuesday, December 9th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.25 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Wednesday, December 31st.

Apollo Commercial Real Estate Finance has decreased its dividend payment by an average of 0.1%per year over the last three years. Apollo Commercial Real Estate Finance has a dividend payout ratio of 98.0% indicating that 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 0.6%

Shares of ARI traded up $0.06 during trading hours on Wednesday, hitting $10.10. The company had a trading volume of 46,168 shares, compared to its average volume of 1,041,123. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 0.28 and a beta of 1.54. The firm has a fifty day moving average price of $10.00 and a 200-day moving average price of $10.06. Apollo Commercial Real Estate Finance has a 52-week low of $7.70 and a 52-week high of $11.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 90.32 and a current ratio of 90.32.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $63.88 million for the quarter, compared to the consensus estimate of $49.15 million. Apollo Commercial Real Estate Finance had a net margin of 51.40% and a return on equity of 8.34%. On average, equities research analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ARI shares. Keefe, Bruyette & Woods lifted their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Monday. Finally, Zacks Research cut shares of Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.88.

About Apollo Commercial Real Estate Finance

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.