Apollo Commercial Real Estate Finance (NYSE:ARI) to Issue Quarterly Dividend of $3.75

Apollo Commercial Real Estate Finance (NYSE:ARI) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of 3.75 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 140.9%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 1,400.0% increase from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25.

Apollo Commercial Real Estate Finance has decreased its dividend payment by an average of 0.1%annually over the last three years. Apollo Commercial Real Estate Finance has a payout ratio of 98.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Apollo Commercial Real Estate Finance to earn $0.78 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 128.2%.

Apollo Commercial Real Estate Finance Stock Down 0.9%

Apollo Commercial Real Estate Finance stock opened at $10.65 on Tuesday. The firm has a market cap of $1.39 billion, a PE ratio of 13.14 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 81.80 and a current ratio of 81.81. The firm’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $10.53. Apollo Commercial Real Estate Finance has a twelve month low of $9.49 and a twelve month high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The company had revenue of $58.63 million during the quarter, compared to analyst estimates of $77.85 million. Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. On average, research analysts predict that Apollo Commercial Real Estate Finance will post 0.88 EPS for the current fiscal year.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.