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

Apollo Commercial Real Estate Finance (NYSE:ARI) announced a quarterly dividend on Monday, March 9th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.25 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Tuesday, March 31st.

Apollo Commercial Real Estate Finance has decreased its dividend payment by an average of 0.1%annually over the last three years. Apollo Commercial Real Estate Finance has a dividend payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Apollo Commercial Real Estate Finance Stock Down 0.2%

NYSE ARI traded down $0.02 during trading on Tuesday, reaching $10.45. 34,047 shares of the company’s stock traded hands, compared to its average volume of 1,280,061. The company’s 50 day simple moving average is $10.37 and its two-hundred day simple moving average is $10.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 96.78 and a quick ratio of 96.78. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.20. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 13.06 and a beta of 1.52.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Apollo Commercial Real Estate Finance had a return on equity of 7.94% and a net margin of 46.66%.The business had revenue of $73.25 million for the quarter, compared to analyst estimates of $46.97 million. As a group, sell-side analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.