Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Free Report) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.25 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.00 annualized dividend and a yield of 10.12%. The ex-dividend date is Monday, March 31st.
Apollo Commercial Real Estate Finance has raised its dividend payment by an average of 1.3% annually over the last three years. Apollo Commercial Real Estate Finance has a dividend payout ratio of 84.7% 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 Up 1.0 %
Shares of NYSE:ARI opened at $9.89 on Thursday. The company has a market cap of $1.37 billion, a PE ratio of -10.41 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. The firm has a 50 day simple moving average of $9.39 and a 200 day simple moving average of $9.31. Apollo Commercial Real Estate Finance has a 52 week low of $8.44 and a 52 week high of $11.64.
Insiders Place Their Bets
In other news, Director Carmencita N.M. Whonder sold 11,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total transaction of $109,560.00. Following the sale, the director now directly owns 9,624 shares in the company, valued at approximately $95,855.04. The trade was a 53.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. StockNews.com upgraded shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.08.
Read Our Latest Research Report on Apollo Commercial Real Estate Finance
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.
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