Apollo Commercial Real Estate Finance (NYSE:ARI) Announces $0.25 Quarterly Dividend

Apollo Commercial Real Estate Finance (NYSE:ARI) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.25 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Wednesday, December 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

Apollo Commercial Real Estate Finance stock traded up $0.03 during trading hours on Wednesday, hitting $10.07. The company had a trading volume of 37,344 shares, compared to its average volume of 1,041,076. The firm has a 50-day moving average of $10.00 and a 200 day moving average of $10.06. The company has a debt-to-equity ratio of 0.66, a current ratio of 90.32 and a quick ratio of 90.32. The firm has a market cap of $1.40 billion, a PE ratio of 11.31, a PEG ratio of 0.28 and a beta of 1.54. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $11.11.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $63.88 million for the quarter, compared to the consensus estimate of $49.15 million. Apollo Commercial Real Estate Finance had a return on equity of 8.34% and a net margin of 51.40%. On average, sell-side analysts expect that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current year.

Insider Activity

In related news, CEO Stuart Rothstein sold 52,073 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $10.78, for a total value of $561,346.94. Following the transaction, the chief executive officer owned 281,781 shares in the company, valued at approximately $3,037,599.18. This trade represents a 15.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Apollo Commercial Real Estate Finance by 1,047.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 2,871 shares in the last quarter. Signaturefd LLC increased its stake in Apollo Commercial Real Estate Finance by 55.6% in the second quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,451 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $41,000. Danske Bank A S acquired a new position in Apollo Commercial Real Estate Finance during the third quarter valued at approximately $50,000. Finally, Smartleaf Asset Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 94.1% during the first quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,864 shares during the last quarter. 54.43% of the stock is owned by institutional investors.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that 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 United Kingdom, and Europe.