Ares Commercial Real Estate (NYSE:ACRE) Lowered to “D+” at TheStreet

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TheStreet lowered shares of Ares Commercial Real Estate (NYSE:ACRE) from a c rating to a d+ rating in a report published on Thursday, TheStreetRatingsTable reports.

Several other analysts have also issued reports on ACRE. JMP Securities reduced their target price on shares of Ares Commercial Real Estate from $16.00 to $10.00 and set a market outperform rating for the company in a research note on Wednesday, April 22nd. Raymond James decreased their price objective on shares of Ares Commercial Real Estate from $16.00 to $11.00 and set a strong-buy rating for the company in a research note on Monday, April 13th. ValuEngine upgraded Ares Commercial Real Estate from a strong sell rating to a sell rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. increased their price target on Ares Commercial Real Estate from $16.00 to $16.50 and gave the company a neutral rating in a research report on Tuesday, February 25th. Finally, Credit Suisse Group cut their price objective on Ares Commercial Real Estate from $17.50 to $9.00 and set an outperform rating on the stock in a research report on Monday, April 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $11.63.

Shares of Ares Commercial Real Estate stock opened at $7.20 on Thursday. Ares Commercial Real Estate has a 52 week low of $2.78 and a 52 week high of $17.72. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.31. The business has a 50 day moving average price of $6.92 and a 200-day moving average price of $12.91. The company has a market cap of $236.77 million, a PE ratio of 16.36 and a beta of 1.22.

Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ares Commercial Real Estate had a return on equity of 9.18% and a net margin of 9.46%. The business had revenue of $28.54 million during the quarter. As a group, research analysts anticipate that Ares Commercial Real Estate will post 0.89 EPS for the current year.

In other news, Director Michael J. Arougheti acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $11.50 per share, for a total transaction of $230,000.00. Following the completion of the purchase, the director now owns 372,776 shares in the company, valued at $4,286,924. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.19% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zebra Capital Management LLC lifted its holdings in Ares Commercial Real Estate by 37.8% during the first quarter. Zebra Capital Management LLC now owns 23,218 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 6,363 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Ares Commercial Real Estate in the first quarter valued at approximately $168,000. Tower Research Capital LLC TRC lifted its stake in shares of Ares Commercial Real Estate by 1,279.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 15,685 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 14,548 shares in the last quarter. Invesco Ltd. boosted its holdings in Ares Commercial Real Estate by 4.7% in the 1st quarter. Invesco Ltd. now owns 160,947 shares of the real estate investment trust’s stock worth $1,125,000 after buying an additional 7,250 shares during the period. Finally, Two Sigma Investments LP grew its stake in Ares Commercial Real Estate by 130.3% in the 1st quarter. Two Sigma Investments LP now owns 321,757 shares of the real estate investment trust’s stock valued at $2,249,000 after buying an additional 182,024 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, real estate preferred equity investments, mezzanine loans, and other CRE investments.

Further Reading: Margin

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