Ares Commercial Real Estate (NYSE:ACRE – Get Free Report) had its price objective cut by investment analysts at UBS Group from $6.00 to $5.25 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target would suggest a potential upside of 8.02% from the stock’s previous close.
ACRE has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Thursday, February 13th. JMP Securities reaffirmed a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Thursday, February 13th. StockNews.com raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.05.
Get Our Latest Stock Report on ACRE
Ares Commercial Real Estate Stock Down 0.4 %
ACRE opened at $4.86 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17. The stock has a market cap of $266.62 million, a price-to-earnings ratio of -7.48 and a beta of 1.50. Ares Commercial Real Estate has a twelve month low of $4.82 and a twelve month high of $7.99. The company’s 50-day moving average price is $5.70 and its two-hundred day moving average price is $6.51.
Insider Buying and Selling at Ares Commercial Real Estate
In other news, VP Anton Feingold sold 7,615 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $5.68, for a total transaction of $43,253.20. Following the sale, the vice president now owns 78,360 shares of the company’s stock, valued at $445,084.80. This trade represents a 8.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.
Institutional Trading of Ares Commercial Real Estate
A number of institutional investors have recently made changes to their positions in ACRE. Summit Securities Group LLC boosted its holdings in shares of Ares Commercial Real Estate by 139.7% in the fourth quarter. Summit Securities Group LLC now owns 6,700 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 3,905 shares during the last quarter. FMR LLC raised its position in shares of Ares Commercial Real Estate by 211.0% during the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 5,252 shares during the last quarter. McIlrath & Eck LLC bought a new stake in shares of Ares Commercial Real Estate during the fourth quarter valued at approximately $54,000. Brown Brothers Harriman & Co. bought a new stake in shares of Ares Commercial Real Estate during the fourth quarter valued at approximately $69,000. Finally, BNP Paribas Financial Markets raised its stake in Ares Commercial Real Estate by 17.1% during the third quarter. BNP Paribas Financial Markets now owns 11,733 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,711 shares in the last quarter. Hedge funds and other institutional investors own 41.34% of the company’s stock.
Ares Commercial Real Estate Company Profile
Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities.
Further Reading
Receive News & Ratings for Ares Commercial Real Estate Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ares Commercial Real Estate and related companies with MarketBeat.com’s FREE daily email newsletter.