Ares Commercial Real Estate Corporation (NYSE:ACRE) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Ares Commercial Real Estate Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, July 26th. Credit Suisse Group reaffirmed a “hold” rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th. B. Riley reaffirmed a “buy” rating on shares of Ares Commercial Real Estate Corporation in a report on Thursday, November 2nd. JMP Securities upped their price target on shares of Ares Commercial Real Estate Corporation to $14.00 and gave the stock a “market outperform” rating in a report on Monday, August 7th. Finally, Keefe, Bruyette & Woods set a $14.00 price target on shares of Ares Commercial Real Estate Corporation and gave the stock a “hold” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.31.

Shares of Ares Commercial Real Estate Corporation (ACRE) traded up $0.03 during mid-day trading on Tuesday, reaching $12.96. 119,366 shares of the company’s stock were exchanged, compared to its average volume of 109,448. Ares Commercial Real Estate Corporation has a 1-year low of $12.48 and a 1-year high of $14.39. The company has a market cap of $369.95, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.68 and a beta of 0.68.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.11. The firm had revenue of $28.55 million for the quarter, compared to analysts’ expectations of $11.71 million. Ares Commercial Real Estate Corporation had a net margin of 33.69% and a return on equity of 7.76%. During the same quarter in the prior year, the firm posted $0.31 earnings per share. research analysts expect that Ares Commercial Real Estate Corporation will post 1.1 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new position in Ares Commercial Real Estate Corporation in the second quarter valued at $448,000. Vanguard Group Inc. increased its stake in Ares Commercial Real Estate Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 1,188,935 shares of the real estate investment trust’s stock valued at $15,908,000 after acquiring an additional 79,338 shares during the last quarter. American International Group Inc. increased its stake in Ares Commercial Real Estate Corporation by 6.9% in the first quarter. American International Group Inc. now owns 16,512 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 1,060 shares during the last quarter. Nomura Holdings Inc. increased its stake in Ares Commercial Real Estate Corporation by 2.3% in the second quarter. Nomura Holdings Inc. now owns 437,401 shares of the real estate investment trust’s stock valued at $5,732,000 after acquiring an additional 9,803 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Ares Commercial Real Estate Corporation by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 123,793 shares of the real estate investment trust’s stock valued at $1,656,000 after acquiring an additional 9,833 shares during the last quarter. 64.17% of the stock is currently owned by institutional investors and hedge funds.

Ares Commercial Real Estate Corporation 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.

Analyst Recommendations for Ares Commercial Real Estate Corporation (NYSE:ACRE)

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