JP Morgan Maintains Underweight Rating for Apollo Comml Real Est: Here's What You Need To Know

JP Morgan has decided to maintain its Underweight rating of Apollo Comml Real Est ARI and lower its price target from $11.00 to $9.00.

Shares of Apollo Comml Real Est are trading down 1.21% over the last 24 hours, at $9.37 per share.

A move to $9.00 would account for a 3.9% decrease from the current share price.

About Apollo Comml Real Est

Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.