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

Key Points

• Apollo Commercial Real Estate Finance declared a quarterly dividend of $0.25 per share, set to be paid on October 15th to investors of record as of September 30th, representing a strong annualized yield of 9.1%.
• The company has a high dividend payout ratio of 98.0%, indicating its current earnings cover the dividend, but future sustainability may be at risk if earnings decline.
• Insider trading activity includes CEO Stuart Rothstein selling 52,074 shares at an average price of $9.83, reducing his ownership by 13.49% while maintaining approximately 333,854 shares valued at $3.28 million.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) declared a quarterly dividend on Tuesday, September 9th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.25 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Tuesday, September 30th.

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 decline.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI traded down $0.18 on Friday, hitting $10.83. The company had a trading volume of 587,847 shares, compared to its average volume of 691,844. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -77.32, a PEG ratio of 0.31 and a beta of 1.57. The company has a current ratio of 98.25, a quick ratio of 98.25 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $10.16 and a two-hundred day moving average of $9.75. Apollo Commercial Real Estate Finance has a 52 week low of $7.70 and a 52 week high of $11.11.

Insiders Place Their Bets

In related news, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the sale, the chief executive officer directly owned 333,854 shares in the company, valued at $3,281,784.82. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC raised its stake in Apollo Commercial Real Estate Finance by 4.2% during the first quarter. Private Advisor Group LLC now owns 26,453 shares of the real estate investment trust's stock worth $253,000 after buying an additional 1,078 shares during the last quarter. CWM LLC raised its stake in Apollo Commercial Real Estate Finance by 39.2% during the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,087 shares during the last quarter. AlphaCore Capital LLC raised its stake in Apollo Commercial Real Estate Finance by 2.8% during the fourth quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust's stock worth $366,000 after buying an additional 1,118 shares during the last quarter. PFG Investments LLC raised its stake in Apollo Commercial Real Estate Finance by 2.5% during the first quarter. PFG Investments LLC now owns 50,764 shares of the real estate investment trust's stock worth $486,000 after buying an additional 1,235 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Apollo Commercial Real Estate Finance by 57.9% during the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,256 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Company Profile

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.