Apollo Commercial Real Est. Finance Inc (NYSE:ARI) declared a — dividend on Friday, September 13th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.46 per share by the real estate investment trust on Tuesday, October 15th. This represents a dividend yield of 9.5%. The ex-dividend date is Friday, September 27th.

Apollo Commercial Real Est. Finance has raised its dividend payment by an average of 2.3% annually over the last three years. Apollo Commercial Real Est. Finance has a dividend payout ratio of 106.4% 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 Est. Finance to earn $1.80 per share next year, which means the company may not be able to cover its $1.84 annual dividend with an expected future payout ratio of 102.2%.

Shares of ARI stock traded down $0.06 during mid-day trading on Friday, hitting $19.29. 845,810 shares of the stock were exchanged, compared to its average volume of 1,142,412. The stock’s fifty day simple moving average is $18.77 and its two-hundred day simple moving average is $18.58. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.55 and a beta of 0.62. Apollo Commercial Real Est. Finance has a 12-month low of $16.41 and a 12-month high of $19.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 44.69 and a current ratio of 44.69.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Apollo Commercial Real Est. Finance had a return on equity of 10.22% and a net margin of 75.64%. The company had revenue of $84.99 million for the quarter, compared to analyst estimates of $82.63 million. During the same quarter last year, the company posted $0.44 earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, research analysts expect that Apollo Commercial Real Est. Finance will post 1.71 earnings per share for the current fiscal year.

In related news, Director Michael Salvati sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $19.02, for a total transaction of $380,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.39% of the company’s stock.

Separately, Zacks Investment Research raised Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a report on Monday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.33.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily 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 company is qualified as a REIT under the Internal Revenue Code.

See Also: Price-Sales Ratio

Dividend History for Apollo Commercial Real Est. Finance (NYSE:ARI)

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