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

Apollo Commercial Real Estate Finance (NYSE:ARI) declared a quarterly dividend on Monday, March 9th. Investors of record on Tuesday, March 31st will be given 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 9.6%. The ex-dividend date of this dividend is Tuesday, March 31st.

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% 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 Price Performance

NYSE ARI opened at $10.44 on Friday. The company has a quick ratio of 96.78, a current ratio of 96.78 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.46 billion, a PE ratio of 13.05 and a beta of 1.52. The company has a 50 day moving average price of $10.52 and a two-hundred day moving average price of $10.23. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.20.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $73.25 million during the quarter, compared to the consensus estimate of $46.97 million. Apollo Commercial Real Estate Finance had a net margin of 46.66% and a return on equity of 7.94%. As a group, equities analysts predict that Apollo Commercial Real Estate Finance will post 0.63 earnings per share 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.