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

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 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 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% annually over the last three years. Apollo Commercial Real Estate Finance has a 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 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 Performance

Apollo Commercial Real Estate Finance stock traded down $0.03 during trading hours on Wednesday, hitting $9.25. The company had a trading volume of 725,318 shares, compared to its average volume of 957,760. Apollo Commercial Real Estate Finance has a one year low of $8.52 and a one year high of $12.74. The firm has a 50-day moving average of $9.00 and a 200 day 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 debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13.

Analyst Ratings Changes

ARI has been the topic of several recent research reports. UBS Group lowered their target price 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. JPMorgan Chase & Co. lowered 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. Finally, StockNews.com cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.63.

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.