Apollo Commercial Real Estate Finance, Inc. (ARI) to Issue Quarterly Dividend of $0.25 on January 15th

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

Apollo Commercial Real Estate Finance has increased its dividend payment by an average of 21.3% per year over the last three years. Apollo Commercial Real Estate Finance has a dividend payout ratio of 119.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Price Performance

Shares of ARI opened at $9.25 on Thursday. The firm has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $9.73. The firm has a market cap of $1.28 billion, a PE ratio of -10.05 and a beta of 1.75. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.74.

Analyst Upgrades and Downgrades

ARI has been the topic of a number of recent research reports. StockNews.com downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. UBS Group dropped their price objective on shares of 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.