BTIG has upgraded Apollo Commercial Real Estate Finance (ARI, Financial) from Neutral to Buy, setting a price target of $11. This optimistic outlook comes after the company effectively resolved its hospital loans in under three months, well ahead of the nine-month timeframe initially anticipated by the firm.
Contributing to this positive revision is a significant uptick in sales at Steinway Tower, following a change in sales brokers. This improvement has been noticeable since mid-2024, indicating a strengthening position for the company.
BTIG also projects that in the second quarter, Apollo’s $288 million senior mezzanine loan will be elevated to a senior secured status as the existing senior mortgage is paid off. This transition is expected to bolster Apollo’s financial standing.
Moreover, BTIG analysts express confidence in Apollo Commercial's ability to navigate potential challenges arising from tariffs, further supporting their upgraded recommendation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Apollo Commercial Real Estate Finance Inc (ARI, Financial) is $9.50 with a high estimate of $10.00 and a low estimate of $9.00. The average target implies an upside of 10.08% from the current price of $8.63. More detailed estimate data can be found on the Apollo Commercial Real Estate Finance Inc (ARI) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Apollo Commercial Real Estate Finance Inc's (ARI, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Apollo Commercial Real Estate Finance Inc (ARI, Financial) in one year is $8.41, suggesting a downside of 2.55% from the current price of $8.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Apollo Commercial Real Estate Finance Inc (ARI) Summary page.
