Ares Commercial Real Estate Corporation (NYSE:ACRE) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Ares Commercial Real Estate Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, July 26th. Credit Suisse Group reaffirmed a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th. Keefe, Bruyette & Woods set a $14.00 price objective on Ares Commercial Real Estate Corporation and gave the stock a “hold” rating in a research note on Thursday, August 17th. Finally, JMP Securities lifted their price objective on Ares Commercial Real Estate Corporation to $14.00 and gave the stock a “market outperform” rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.45.

Shares of Ares Commercial Real Estate Corporation (NYSE ACRE) traded down 0.46% on Thursday, reaching $13.00. 365,228 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $13.13 and a 200 day moving average price of $13.25. Ares Commercial Real Estate Corporation has a one year low of $12.24 and a one year high of $14.39. The firm has a market cap of $371.24 million, a PE ratio of 9.33 and a beta of 0.68.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 the consensus estimate of $10.85 million. During the same quarter in the previous year, the company posted $0.31 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Ares Commercial Real Estate Corporation will post $1.05 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACRE. KAMES CAPITAL plc bought a new position in shares of Ares Commercial Real Estate Corporation during the 2nd quarter valued at approximately $3,430,000. Yorktown Management & Research Co Inc bought a new position in shares of Ares Commercial Real Estate Corporation during the 2nd quarter valued at approximately $3,011,000. Clough Capital Partners L P increased its position in shares of Ares Commercial Real Estate Corporation by 75.8% during the 1st quarter. Clough Capital Partners L P now owns 349,200 shares of the real estate investment trust’s stock valued at $4,672,000 after purchasing an additional 150,555 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Ares Commercial Real Estate Corporation by 155.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 226,060 shares of the real estate investment trust’s stock valued at $2,959,000 after purchasing an additional 137,570 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Ares Commercial Real Estate Corporation by 149.3% during the 1st quarter. Nuveen Asset Management LLC now owns 196,257 shares of the real estate investment trust’s stock valued at $2,626,000 after purchasing an additional 117,544 shares during the last quarter. 65.15% of the stock is currently owned by hedge funds and other 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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