Apollo Commercial Real Estat (NYSE:ARI) announced a quarterly dividend on Wednesday, March 14th, Wall Street Journal reports. Investors of record on Friday, March 30th will be paid a dividend of 0.46 per share by the real estate investment trust on Monday, April 16th. This represents a $1.84 annualized dividend and a yield of 10.07%. The ex-dividend date is Wednesday, March 28th.

Apollo Commercial Real Estat has raised its dividend payment by an average of 4.8% annually over the last three years. Apollo Commercial Real Estat has a dividend payout ratio of 114.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Apollo Commercial Real Estat to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 93.4%.

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Apollo Commercial Real Estat (NYSE:ARI) opened at $18.28 on Friday. The firm has a market capitalization of $1,988.14, a PE ratio of 10.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 38.53 and a quick ratio of 38.53. Apollo Commercial Real Estat has a 52-week low of $17.56 and a 52-week high of $19.92.

Apollo Commercial Real Estat (NYSE:ARI) last released its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $69.19 million during the quarter, compared to the consensus estimate of $67.80 million. Apollo Commercial Real Estat had a return on equity of 10.22% and a net margin of 74.11%. Apollo Commercial Real Estat’s revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. equities research analysts anticipate that Apollo Commercial Real Estat will post 1.85 earnings per share for the current year.

A number of brokerages have recently commented on ARI. ValuEngine downgraded Apollo Commercial Real Estat from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research downgraded Apollo Commercial Real Estat from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.33.

In other news, Director Michael Salvati sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $18.55, for a total transaction of $185,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $18.39, for a total value of $735,600.00. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

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Apollo Commercial Real Estat Company Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

Dividend History for Apollo Commercial Real Estat (NYSE:ARI)

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