Apollo Commercial Real Estate F with ticker code (ARI) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 12 and 9.5 with a mean TP of 11.38. Given that the stocks previous close was at 11.98 this would indicate that there is a downside of -5.0%. The 50 day MA is 10.45 and the 200 moving average now moves to 11.89. The company has a market capitalisation of $1,693m. Company Website: https://www.apolloreit.com
The potential market cap would be $1,608m based on the market concensus.
Apollo Commercial Real Estate Finance 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. As a REIT, it would not be subject to federal income taxes, if the company distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance was founded in 2009 and is based in New York, New York.
