Apollo Real Estate (ARI) Receives a Hold from J.P. Morgan

In a report released today, Richard Shane from J.P. Morgan maintained a Hold rating on Apollo Real Estate (ARIResearch Report), with a price target of $12.50. The company’s shares closed last Friday at $11.42.

According to TipRanks.com, Shane is a 5-star analyst with an average return of 14.0% and a 65.2% success rate. Shane covers the Financial sector, focusing on stocks such as Discover Financial Services, Claros Mortgage Trust, Inc., and Kkr Real Estate Finance.

Currently, the analyst consensus on Apollo Real Estate is a Hold with an average price target of $12.50.

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Based on Apollo Real Estate’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $60.75 million and net profit of $15.24 million. In comparison, last year the company earned revenue of $73.4 million and had a net profit of $58.34 million.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust, which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.

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