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

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) declared a quarterly dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.25 per share by the real estate investment trust on Wednesday, January 15th. This represents a $1.00 dividend on an annualized basis and a yield of 10.81%. The ex-dividend date is Tuesday, December 31st.

Apollo Commercial Real Estate Finance has raised its dividend payment by an average of 21.3% per year over the last three years. Apollo Commercial Real Estate Finance has a payout ratio of 119.0% 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 $0.74 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 135.1%.

Apollo Commercial Real Estate Finance Stock Down 0.3 %

Shares of ARI stock traded down $0.03 during trading on Wednesday, reaching $9.25. The company’s stock had a trading volume of 725,318 shares, compared to its average volume of 957,760. The business has a fifty day moving average price of $9.00 and a 200-day moving average price of $9.73. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -10.05 and a beta of 1.75. Apollo Commercial Real Estate Finance has a one year low of $8.52 and a one year high of $12.74.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARI. JPMorgan Chase & Co. dropped their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Finally, UBS Group decreased their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and a consensus target price of $9.63.

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.