Zacks Investment Research cut shares of Ares Commercial Real Estate (NYSE:ACRE) from a buy rating to a hold rating in a research note published on Monday morning.

According to Zacks, “Ares Commercial Real Estate Corporation is a specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate investments. The Company’s financing solutions are comprised of its target investments, which include the following: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Other CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation is based in Chicago, Illinois. “

A number of other equities research analysts have also commented on ACRE. B. Riley reaffirmed a buy rating on shares of Ares Commercial Real Estate in a research note on Thursday, November 2nd. BidaskClub lowered shares of Ares Commercial Real Estate from a hold rating to a sell rating in a research note on Thursday, October 26th. Finally, ValuEngine raised shares of Ares Commercial Real Estate from a hold rating to a buy rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $14.13.

Shares of Ares Commercial Real Estate (NYSE ACRE) opened at $12.14 on Monday. Ares Commercial Real Estate has a 12 month low of $11.97 and a 12 month high of $14.22. The company has a market cap of $353.66, a price-to-earnings ratio of 10.76 and a beta of 0.62.

Several large investors have recently bought and sold shares of the company. Boston Partners boosted its stake in Ares Commercial Real Estate by 8.6% during the fourth quarter. Boston Partners now owns 2,391,462 shares of the real estate investment trust’s stock worth $30,850,000 after acquiring an additional 188,716 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ares Commercial Real Estate by 4.2% during the second quarter. Vanguard Group Inc. now owns 1,238,404 shares of the real estate investment trust’s stock worth $16,211,000 after acquiring an additional 49,469 shares in the last quarter. Telemus Capital LLC boosted its stake in Ares Commercial Real Estate by 10.2% during the fourth quarter. Telemus Capital LLC now owns 519,850 shares of the real estate investment trust’s stock worth $6,706,000 after acquiring an additional 48,253 shares in the last quarter. Nomura Holdings Inc. boosted its stake in Ares Commercial Real Estate by 2.3% during the second quarter. Nomura Holdings Inc. now owns 437,401 shares of the real estate investment trust’s stock worth $5,732,000 after acquiring an additional 9,803 shares in the last quarter. Finally, Relative Value Partners Group LLC boosted its stake in Ares Commercial Real Estate by 16.8% during the third quarter. Relative Value Partners Group LLC now owns 308,840 shares of the real estate investment trust’s stock worth $4,194,000 after acquiring an additional 44,405 shares in the last quarter. 63.13% of the stock is currently owned by institutional investors.

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Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities.

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