Commercial mortgage REITs draw the attention of JPMorgan (see mREITs earlier) after a 14% sector decline in Q2. "We do not feel the sell-off is warranted on the basis of fundamentals." Ares Commercial's (ACRE -0.9%) price target is cut to $15.50 from $17.50, but is reiterated an Overweight. Apollo Commerical (ARI +0.1%) is maintained a Neutral and $16.50. Blackstone Mortgage (BXMT +0.8%) is initiated Overweight with $28.50 target.
Commercial mortgage REITs draw the attention of JPMorgan (see mREITs earlier) after a 14% sector...
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