Apollo Commercial Real Estate Finance (NYSE:ARI) Announces Dividend Increase – $3.75 Per Share

Apollo Commercial Real Estate Finance (NYSE:ARI) declared a quarterly dividend on Monday, June 15th. Investors 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) dividend on an annualized basis and a dividend yield of 140.9%. 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research 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%

ARI opened at $10.65 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 81.80 and a current ratio of 81.81. Apollo Commercial Real Estate Finance has a fifty-two week low of $9.49 and a fifty-two week high of $11.24. The firm’s fifty day moving average is $10.93 and its 200 day moving average is $10.53. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 13.14 and a beta of 1.35.

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 analysts’ consensus estimates of $0.29 by ($0.07). Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. The firm had revenue of $58.63 million for the quarter, compared to analysts’ expectations of $77.85 million. On average, sell-side analysts forecast that Apollo Commercial Real Estate Finance will post 0.88 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.