Ares Commercial Real Estate Co. (NYSE:ACRE) Receives $6.80 Consensus Price Target from Analysts

Shares of Ares Commercial Real Estate Co. (NYSE:ACRE) have received an average rating of “Reduce” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $6.80.

ACRE has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their target price on Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. JMP Securities reissued a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. Finally, StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th.

Insider Buying and Selling

In other news, VP Anton Feingold sold 7,615 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $5.68, for a total transaction of $43,253.20. Following the completion of the transaction, the vice president now directly owns 78,360 shares in the company, valued at $445,084.80. The trade was a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in shares of Ares Commercial Real Estate by 421.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 73,551 shares of the real estate investment trust’s stock valued at $433,000 after purchasing an additional 59,445 shares in the last quarter. CFO4Life Group LLC raised its stake in shares of Ares Commercial Real Estate by 21.4% in the fourth quarter. CFO4Life Group LLC now owns 17,000 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 3,000 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Ares Commercial Real Estate by 472.0% in the fourth quarter. Farther Finance Advisors LLC now owns 14,301 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 11,801 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ares Commercial Real Estate in the fourth quarter valued at $430,000. Finally, Victory Capital Management Inc. grew its position in Ares Commercial Real Estate by 37.4% in the fourth quarter. Victory Capital Management Inc. now owns 121,000 shares of the real estate investment trust’s stock valued at $713,000 after acquiring an additional 32,907 shares during the period. 41.34% of the stock is currently owned by institutional investors and hedge funds.

Ares Commercial Real Estate Price Performance

NYSE:ACRE opened at $5.95 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.38. Ares Commercial Real Estate has a 52-week low of $5.33 and a 52-week high of $8.82. The firm has a market cap of $324.24 million, a P/E ratio of -5.04 and a beta of 1.50. The business’s 50-day moving average price is $6.15 and its 200 day moving average price is $6.69.

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.