Apollo Commercial Real Estate Finance, Inc. (ARI) To Go Ex-Dividend on March 27th

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Free Report) declared a quarterly dividend on Tuesday, March 12th, Zacks reports. Stockholders of record on Thursday, March 28th will be given a dividend of 0.35 per share by the real estate investment trust on Monday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.36%. The ex-dividend date is Wednesday, March 27th.

Apollo Commercial Real Estate Finance has decreased its dividend by an average of 1.2% per year over the last three years. Apollo Commercial Real Estate Finance has a payout ratio of 117.6% 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 Estate Finance to earn $1.25 per share next year, which means the company may not be able to cover its $1.40 annual dividend with an expected future payout ratio of 112.0%.

Apollo Commercial Real Estate Finance Trading Down 1.9 %

Shares of NYSE ARI opened at $11.33 on Monday. The business has a fifty day moving average price of $11.14 and a 200 day moving average price of $10.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 67.74 and a quick ratio of 67.73. Apollo Commercial Real Estate Finance has a 1-year low of $8.58 and a 1-year high of $12.74. The stock has a market capitalization of $1.61 billion, a P/E ratio of 37.77 and a beta of 1.67.

Analyst Ratings Changes

Several research analysts have recently issued reports on ARI shares. UBS Group started coverage on Apollo Commercial Real Estate Finance in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $10.50 price objective for the company. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday. Finally, Bank of America lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price on the stock. in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.38.

Read Our Latest Stock Report on Apollo Commercial Real Estate Finance

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $11.45, for a total value of $458,000.00. Following the transaction, the chief executive officer now owns 541,675 shares in the company, valued at $6,202,178.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in Apollo Commercial Real Estate Finance by 6.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 97,922 shares of the real estate investment trust’s stock worth $1,150,000 after buying an additional 6,198 shares in the last quarter. Baker Avenue Asset Management LP raised its position in Apollo Commercial Real Estate Finance by 133.9% in the fourth quarter. Baker Avenue Asset Management LP now owns 155,146 shares of the real estate investment trust’s stock valued at $1,821,000 after purchasing an additional 88,821 shares during the period. Barclays PLC raised its position in Apollo Commercial Real Estate Finance by 113.3% in the fourth quarter. Barclays PLC now owns 290,474 shares of the real estate investment trust’s stock valued at $3,411,000 after purchasing an additional 154,284 shares during the period. Nuveen Asset Management LLC raised its position in Apollo Commercial Real Estate Finance by 8.7% in the fourth quarter. Nuveen Asset Management LLC now owns 807,797 shares of the real estate investment trust’s stock valued at $9,485,000 after purchasing an additional 64,961 shares during the period. Finally, Public Sector Pension Investment Board raised its position in Apollo Commercial Real Estate Finance by 67.9% in the fourth quarter. Public Sector Pension Investment Board now owns 269,874 shares of the real estate investment trust’s stock valued at $3,168,000 after purchasing an additional 109,141 shares during the period. Hedge funds and other institutional investors own 54.43% of the company’s stock.

About Apollo Commercial Real Estate Finance

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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.

See Also

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

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