BofA resumed coverage of Apollo Commercial (ARI) with a Neutral rating and $11.50 price target following the successful sale of its $9B CRE portfolio to affiliate Athene at a purchase price representing 99.7% of carrying value. The firm’s 2026 and 2027 EPS forecasts of 53c and 33c do factor in the impact of the portfolio sale, but do not incorporate Apollo Commercial’s forthcoming strategic initiatives, the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARI:
- Apollo Commercial Real Estate Resets After $9B Sale
- Apollo Commercial reports Q1 distributable EPS 22c, two estimates 29c
- ARI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Apollo Real Estate Sells Loan Portfolio, Resets Strategy
- Apollo Real Estate Shareholders Approve Major Portfolio Sale