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

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) announced 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) dividend on an annualized basis and a yield of 9.1%.

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.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock traded up $0.04 during midday trading on Tuesday, hitting $11.03. The company had a trading volume of 592,475 shares, compared to its average volume of 704,803. The stock has a market cap of $1.53 billion, a PE ratio of -78.79, a P/E/G ratio of 0.32 and a beta of 1.57. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $11.05. The business's 50 day simple moving average is $10.09 and its two-hundred day simple moving average is $9.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 98.25 and a quick ratio of 98.25.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,074 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $9.83, for a total value of $511,887.42. Following the sale, the chief executive officer directly owned 333,854 shares in the company, valued at approximately $3,281,784.82. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ARI. Versant Capital Management Inc lifted its stake in shares of Apollo Commercial Real Estate Finance by 57.9% during the 1st quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 1,256 shares during the last quarter. CWM LLC increased its position in Apollo Commercial Real Estate Finance by 39.2% during the 1st quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,087 shares during the period. Signaturefd LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 55.6% in the 2nd quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 1,451 shares during the period. McElhenny Sheffield Capital Management LLC bought a new position in Apollo Commercial Real Estate Finance in the second quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC boosted its position in Apollo Commercial Real Estate Finance by 94.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust's stock valued at $57,000 after acquiring an additional 2,864 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

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.

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