KBW Keeps a Hold Rating on Apollo Real Estate

By Ryan Adsit

In a report issued on June 7, Jade Rahmani from KBW reiterated a Hold rating on Apollo Real Estate (NYSE: ARI), with a price target of $18. The company’s shares closed yesterday at $18.38.

According to TipRanks.com, Rahmani is a 4-star analyst with an average return of 10.3% and a 70.9% success rate. Rahmani covers the Financial sector, focusing on stocks such as Starwood Property Trust, Jones Lang Lasalle Inc, and Altisource Residential.

Apollo Real Estate has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.

Apollo Real Estate’s market cap is currently $1.68B and has a P/E ratio of 9.80. The company has a book value ratio of 0.8731.

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Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that primarily originates, invests in, acquires and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage backed securities and other commercial real estate-related debt investments. It offers financing across a broad spectrum of commercial property types and geographies and at all points within a property’s capital structure. The company was founded on on June 29, 2009 and is headquartered in New York, NY.