UBS Group Lowers Ares Commercial Real Estate (NYSE:ACRE) Price Target to $5.25

Ares Commercial Real Estate (NYSE:ACRE) had its price target dropped by investment analysts at UBS Group from $6.00 to $5.25 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target indicates a potential upside of 8.58% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on ACRE. Keefe, Bruyette & Woods cut their target price on Ares Commercial Real Estate from $6.00 to $5.50 and set a “market perform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Thursday, February 13th. StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Ares Commercial Real Estate in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.05.

Ares Commercial Real Estate Trading Down 1.3 %

Shares of ACRE stock traded down $0.07 on Tuesday, reaching $4.84. 120,522 shares of the stock were exchanged, compared to its average volume of 648,849. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17. Ares Commercial Real Estate has a 1-year low of $4.82 and a 1-year high of $7.99. The firm has a 50 day moving average of $5.76 and a two-hundred day moving average of $6.53. The stock has a market cap of $265.25 million, a P/E ratio of -7.44 and a beta of 1.50.

Insider Activity at Ares Commercial Real Estate

In related news, VP Anton Feingold sold 7,615 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $5.68, for a total transaction of $43,253.20. Following the transaction, the vice president now owns 78,360 shares of the company’s stock, valued at approximately $445,084.80. This trade represents a 8.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Ares Commercial Real Estate by 187.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 415,332 shares of the real estate investment trust’s stock valued at $2,907,000 after purchasing an additional 270,791 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ares Commercial Real Estate by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,272,163 shares of the real estate investment trust’s stock worth $8,907,000 after purchasing an additional 16,309 shares during the period. FMR LLC grew its holdings in 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 purchasing an additional 5,252 shares during the period. State Street Corp increased its position in Ares Commercial Real Estate by 2.3% in the third quarter. State Street Corp now owns 1,052,314 shares of the real estate investment trust’s stock worth $7,627,000 after buying an additional 23,845 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Ares Commercial Real Estate by 279.8% in the third quarter. Barclays PLC now owns 69,821 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 51,435 shares during the period. 41.34% of the stock is currently owned by institutional investors.

About Ares Commercial Real Estate

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.