Apollo Commercial Real Estate Finance (ARI) To Go Ex-Dividend on March 31st

Apollo Commercial Real Estate Finance (NYSE:ARI) announced a quarterly dividend on Monday, March 9th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.25 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

Apollo Commercial Real Estate Finance has decreased its dividend by an average of 0.1%annually over the last three years. Apollo Commercial Real Estate Finance has a dividend payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $10.55 on Wednesday. The company has a fifty day simple moving average of $10.38 and a 200 day simple moving average of $10.25. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.20. The company has a market cap of $1.47 billion, a P/E ratio of 13.18 and a beta of 1.52. The company has a current ratio of 96.78, a quick ratio of 96.78 and a debt-to-equity ratio of 0.66.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $73.25 million for the quarter, compared to analyst estimates of $46.97 million. Apollo Commercial Real Estate Finance had a return on equity of 7.94% and a net margin of 46.66%. Sell-side analysts predict that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 52,072 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $10.16, for a total transaction of $529,051.52. Following the transaction, the chief executive officer directly owned 229,709 shares in the company, valued at $2,333,843.44. The trade was a 18.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds have recently modified their holdings of ARI. No Street GP LP grew its position in Apollo Commercial Real Estate Finance by 33.3% in the 3rd quarter. No Street GP LP now owns 3,000,000 shares of the real estate investment trust’s stock valued at $30,390,000 after acquiring an additional 750,000 shares in the last quarter. Waterfall Asset Management LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $5,557,000. First Trust Advisors LP lifted its position in Apollo Commercial Real Estate Finance by 710.3% in the fourth quarter. First Trust Advisors LP now owns 636,383 shares of the real estate investment trust’s stock valued at $6,160,000 after acquiring an additional 557,850 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $5,323,000. Finally, Millennium Management LLC grew its position in shares of Apollo Commercial Real Estate Finance by 2,573.9% during the fourth quarter. Millennium Management LLC now owns 504,054 shares of the real estate investment trust’s stock worth $4,879,000 after acquiring an additional 485,203 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

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.