October 4, 2022

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Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Rating) announced a quarterly dividend on Tuesday, September 13th, Zacks reports. Shareholders of record on Friday, September 30th will be paid a dividend of 0.35 per share by the real estate investment trust on Friday, October 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.41%. The ex-dividend date of this dividend is Thursday, September 29th.
Apollo Commercial Real Estate Finance has decreased its dividend by an average of 8.7% annually over the last three years. Apollo Commercial Real Estate Finance has a payout ratio of 99.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Apollo Commercial Real Estate Finance to earn $1.34 per share next year, which means the company may not be able to cover its $1.40 annual dividend with an expected future payout ratio of 104.5%.

Apollo Commercial Real Estate Finance Stock Up 1.8 %

ARI stock opened at $11.28 on Thursday. The stock has a market cap of $1.59 billion, a PE ratio of 9.98 and a beta of 1.35. The company has a quick ratio of 38.25, a current ratio of 38.24 and a debt-to-equity ratio of 3.09. The firm’s 50-day simple moving average is $11.83 and its 200 day simple moving average is $12.31. Apollo Commercial Real Estate Finance has a fifty-two week low of $9.41 and a fifty-two week high of $15.98.
Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a net margin of 71.47% and a return on equity of 8.22%. During the same quarter in the previous year, the company earned $0.38 earnings per share. As a group, sell-side analysts predict that Apollo Commercial Real Estate Finance will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ARI. Credit Suisse Group lowered their target price on Apollo Commercial Real Estate Finance to $13.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $12.50 to $11.00 in a research note on Tuesday, September 6th.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently modified their holdings of the business. MAS Advisors LLC raised its stake in Apollo Commercial Real Estate Finance by 17.1% in the 1st quarter. MAS Advisors LLC now owns 110,840 shares of the real estate investment trust’s stock valued at $1,535,000 after acquiring an additional 16,168 shares during the period. Bank of New York Mellon Corp increased its position in Apollo Commercial Real Estate Finance by 1.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,378,310 shares of the real estate investment trust’s stock worth $19,200,000 after buying an additional 13,735 shares during the period. Natixis Advisors L.P. increased its position in Apollo Commercial Real Estate Finance by 28.0% during the 1st quarter. Natixis Advisors L.P. now owns 22,392 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 4,899 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 57.3% during the 1st quarter. MetLife Investment Management LLC now owns 73,379 shares of the real estate investment trust’s stock worth $1,022,000 after purchasing an additional 26,742 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Apollo Commercial Real Estate Finance by 14.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 113,890 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 14,502 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Company Profile

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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. It is qualified as a REIT under the Internal Revenue Code.

See Also

Dividend History for Apollo Commercial Real Estate Finance (NYSE:ARI)
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