Ares Commercial Real Estate (NYSE:ACRE) Upgraded by UBS Group to “Hold” Rating

Ares Commercial Real Estate (NYSE:ACRE) was upgraded by investment analysts at UBS Group to a “hold” rating in a report released on Tuesday,Zacks.com reports.

ACRE has been the subject of several other reports. Wall Street Zen downgraded shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Zacks Research downgraded shares of Ares Commercial Real Estate from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods cut their price objective on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Wells Fargo & Company raised their price objective on shares of Ares Commercial Real Estate from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ares Commercial Real Estate in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Ares Commercial Real Estate presently has a consensus rating of “Reduce” and a consensus target price of $5.38.

Ares Commercial Real Estate Trading Down 2.3%

ACRE opened at $4.92 on Tuesday. The company has a 50 day moving average of $4.98 and a 200 day moving average of $5.04. The company has a market cap of $272.68 million, a PE ratio of -13.65 and a beta of 1.14. Ares Commercial Real Estate has a 12 month low of $4.05 and a 12 month high of $5.89.

Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $13.46 million during the quarter, compared to the consensus estimate of $11.64 million. Ares Commercial Real Estate had a negative return on equity of 2.80% and a negative net margin of 37.21%. Research analysts forecast that Ares Commercial Real Estate will post 0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Alpine Global Management LLC bought a new position in Ares Commercial Real Estate in the 3rd quarter valued at $2,679,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Ares Commercial Real Estate by 24.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 564,209 shares of the real estate investment trust’s stock valued at $2,545,000 after purchasing an additional 110,505 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Ares Commercial Real Estate by 8.2% during the 3rd quarter. GSA Capital Partners LLP now owns 203,470 shares of the real estate investment trust’s stock worth $918,000 after acquiring an additional 15,497 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of Ares Commercial Real Estate during the 3rd quarter worth $108,000. Finally, Penserra Capital Management LLC lifted its holdings in shares of Ares Commercial Real Estate by 3.5% during the 3rd quarter. Penserra Capital Management LLC now owns 234,869 shares of the real estate investment trust’s stock worth $1,059,000 after acquiring an additional 7,950 shares during the last quarter. 41.34% of the stock is owned by institutional investors.

About Ares Commercial Real Estate

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a publicly traded real estate investment trust (REIT) primarily focused on commercial real estate debt investments. Externally managed by an affiliate of Ares Management Corporation, ACRE seeks to generate attractive risk-adjusted returns through its diversified portfolio of CRE financing strategies. The company specializes in originating, acquiring, financing and managing first mortgages, mezzanine loans, preferred equity and other structured finance products.

Since its inception, Ares Commercial Real Estate has targeted a broad range of property types, including multifamily, office, industrial, retail and hospitality assets.