Ares Commercial Real Estate Corporation (NYSE:ACRE) has been assigned a $14.00 target price by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 6.63% from the stock’s previous close.

ACRE has been the topic of several other research reports. Credit Suisse Group reaffirmed a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research report on Friday, August 4th. Zacks Investment Research raised Ares Commercial Real Estate Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, July 26th. JMP Securities lifted their price target on Ares Commercial Real Estate Corporation to $14.00 and gave the stock a “market outperform” rating in a research report on Monday, August 7th. Finally, BidaskClub raised Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Ares Commercial Real Estate Corporation has a consensus rating of “Hold” and an average price target of $14.21.

Shares of Ares Commercial Real Estate Corporation (ACRE) traded up 0.53% during midday trading on Thursday, hitting $13.20. The stock had a trading volume of 58,273 shares. The stock has a market cap of $376.95 million, a PE ratio of 9.48 and a beta of 0.69. The firm has a 50 day moving average price of $13.06 and a 200 day moving average price of $13.30. Ares Commercial Real Estate Corporation has a one year low of $12.13 and a one year high of $14.39.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edge Wealth Management LLC raised 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 valued at $132,000 after buying an additional 9,000 shares during the period. Tudor Investment Corp ET AL raised 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 valued at $143,000 after buying an additional 158 shares during the period. Hancock Holding Co. raised 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 valued at $176,000 after buying an additional 2,713 shares during the period. ClariVest Asset Management LLC raised 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 valued at $208,000 after buying an additional 791 shares during the period. Finally, Citadel Advisors LLC raised its position in Ares Commercial Real Estate Corporation by 32.1% in the second quarter. Citadel Advisors LLC now owns 16,324 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 3,966 shares during the period. 66.70% of the stock is currently owned by institutional investors.

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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