Apollo Commercial Real Est. Finance Inc Plans Quarterly Dividend of $0.35 (NYSE:ARI)

Apollo Commercial Real Est. Finance Inc (NYSE:ARI) announced a quarterly dividend on Wednesday, June 17th, Wall Street Journal reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.35 per share by the real estate investment trust on Wednesday, July 15th. This represents a $1.40 annualized dividend and a yield of 14.08%. The ex-dividend date is Monday, June 29th.

Apollo Commercial Real Est. Finance has raised its dividend by an average of 3.4% annually over the last three years. Apollo Commercial Real Est. Finance has a payout ratio of 122.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Apollo Commercial Real Est. Finance to earn $1.22 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 131.1%.

Shares of NYSE ARI opened at $9.94 on Friday. Apollo Commercial Real Est. Finance has a 1 year low of $4.12 and a 1 year high of $19.76. The stock has a market capitalization of $1.53 billion, a P/E ratio of 5.95 and a beta of 1.23. The company has a 50-day moving average price of $8.90 and a 200-day moving average price of $13.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 48.60 and a quick ratio of 48.60.

Several analysts have recently issued reports on the stock. Credit Suisse Group reissued a “hold” rating and issued a $7.50 price target on shares of Apollo Commercial Real Est. Finance in a research report on Friday, May 8th. ValuEngine raised shares of Apollo Commercial Real Est. Finance from a “strong sell” rating to a “sell” rating in a research note on Friday, May 1st. Finally, Zacks Investment Research raised shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Monday, June 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.95.

About Apollo Commercial Real Est. Finance

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.

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

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