Ares Commercial Real Estate Corporation (NYSE:ACRE) had its price objective increased by analysts at JMP Securities to $14.00 in a research note issued to investors on Monday. The brokerage currently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ target price would indicate a potential upside of 4.56% from the company’s current price.

A number of other brokerages have also issued reports on ACRE. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $13.75 price objective on shares of Ares Commercial Real Estate Corporation in a report on Wednesday, May 3rd. Zacks Investment Research raised shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Credit Suisse Group reaffirmed a “hold” rating on shares of Ares Commercial Real Estate Corporation in a report on Friday. Finally, BidaskClub lowered shares of Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.07.

Ares Commercial Real Estate Corporation (ACRE) opened at 13.39 on Monday. The stock has a market cap of $381.20 million, a PE ratio of 9.15 and a beta of 0.69. Ares Commercial Real Estate Corporation has a 52 week low of $12.13 and a 52 week high of $14.39. The company’s 50-day moving average is $13.17 and its 200 day moving average is $13.33.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The business had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.85 million. During the same period last year, the firm posted $0.31 EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, analysts expect that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current fiscal year.

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In other news, insider Robert L. Rosen bought 10,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was purchased at an average cost of $13.04 per share, for a total transaction of $130,400.00. Following the transaction, the insider now owns 66,002 shares of the company’s stock, valued at $860,666.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.75% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ACRE. Edge Wealth Management LLC increased its position in Ares Commercial Real Estate Corporation by 900.0% in the second quarter. Edge Wealth Management LLC now owns 10,000 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 9,000 shares in the last quarter. Tudor Investment Corp ET AL increased its position in Ares Commercial Real Estate Corporation by 1.5% in the first quarter. Tudor Investment Corp ET AL now owns 10,705 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 158 shares in the last quarter. Hancock Holding Co. increased its position in Ares Commercial Real Estate Corporation by 26.0% in the first quarter. Hancock Holding Co. now owns 13,162 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 2,713 shares in the last quarter. ClariVest Asset Management LLC increased its position in Ares Commercial Real Estate Corporation by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 15,494 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 791 shares in the last quarter. Finally, American International Group Inc. increased its position in Ares Commercial Real Estate Corporation by 6.9% in the first quarter. American International Group Inc. now owns 16,512 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 1,060 shares in the last quarter. Hedge funds and other institutional investors own 66.87% of the company’s stock.

Ares Commercial Real Estate Corporation Company Profile

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities.

Analyst Recommendations for Ares Commercial Real Estate Corporation (NYSE:ACRE)

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