Apollo Commercial Real Estate Finance (ARI) to Issue Quarterly Dividend of $3.75 on July 15th

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 138.3%. The ex-dividend date 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%per year 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 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 Performance

NYSE ARI opened at $10.85 on Wednesday. The company has a market cap of $1.42 billion, a P/E ratio of 13.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 81.81 and a quick ratio of 81.80. The stock has a 50-day moving average of $10.93 and a two-hundred day moving average of $10.53. Apollo Commercial Real Estate Finance has a 1-year low of $9.49 and a 1-year high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results 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 firm 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%. As a group, analysts anticipate that Apollo Commercial Real Estate Finance will post 0.88 EPS for the current year.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, Director Carmencita N.M. Whonder sold 4,574 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $10.93, for a total transaction of $49,993.82. Following the completion of the transaction, the director directly owned 24,799 shares of the company’s stock, valued at approximately $271,053.07. The trade was a 15.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently made changes to their positions in ARI. GAMMA Investing LLC grew its position in shares of Apollo Commercial Real Estate Finance by 60.4% during the fourth quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,066 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 388.7% during the first quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,589 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Apollo Commercial Real Estate Finance by 60.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,037 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,892 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Apollo Commercial Real Estate Finance by 61.7% in the first quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Apollo Commercial Real Estate Finance in the third quarter valued at approximately $50,000. 54.43% of the stock is owned by institutional investors and hedge funds.

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.