Ares Commercial Real Estate Corporation (NYSE:ACRE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Ares Commercial Real Estate Corporation is a specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate investments. The Company’s financing solutions are comprised of its target investments, which include the following: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Other CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation is based in Chicago, Illinois. “

ACRE has been the subject of several other reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.75 price target on shares of Ares Commercial Real Estate Corporation in a research note on Wednesday, May 3rd. Credit Suisse Group restated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday. BidaskClub downgraded Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, JMP Securities boosted their price target on Ares Commercial Real Estate Corporation to $14.00 and gave the company a “market outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Ares Commercial Real Estate Corporation currently has a consensus rating of “Hold” and an average target price of $14.07.

Shares of Ares Commercial Real Estate Corporation (ACRE) traded down 0.22% on Tuesday, reaching $13.36. The company had a trading volume of 124,259 shares. The company’s 50-day moving average price is $13.17 and its 200-day moving average price is $13.33. Ares Commercial Real Estate Corporation has a 52-week low of $12.13 and a 52-week high of $14.39. The firm has a market capitalization of $380.35 million, a price-to-earnings ratio of 9.13 and a beta of 0.69.

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

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In related news, insider Robert L. Rosen bought 10,000 shares of the business’s 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 in the company, valued at approximately $860,666.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.75% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Clough Capital Partners L P bought a new stake in Ares Commercial Real Estate Corporation during the fourth quarter worth $2,727,000. Signia Capital Management LLC increased its stake in Ares Commercial Real Estate Corporation by 19.7% in the fourth quarter. Signia Capital Management LLC now owns 85,459 shares of the real estate investment trust’s stock worth $1,173,000 after buying an additional 14,094 shares during the last quarter. Relative Value Partners Group LLC increased its stake in Ares Commercial Real Estate Corporation by 8.0% in the third quarter. Relative Value Partners Group LLC now owns 155,042 shares of the real estate investment trust’s stock worth $1,954,000 after buying an additional 11,526 shares during the last quarter. State Street Corp increased its stake in Ares Commercial Real Estate Corporation by 5.4% in the fourth quarter. State Street Corp now owns 670,409 shares of the real estate investment trust’s stock worth $9,206,000 after buying an additional 34,446 shares during the last quarter. Finally, TFS Capital LLC bought a new stake in Ares Commercial Real Estate Corporation during the first quarter worth $227,000. Hedge funds and other institutional investors own 66.87% of the company’s stock.

About Ares Commercial Real Estate Corporation

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.

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

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