Ares Commercial Real Estate Corporation (NYSE:ACRE)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a report released on Thursday.

Several other equities research analysts also recently issued reports on ACRE. BidaskClub upgraded Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. JMP Securities reiterated an “outperform” rating and set a $14.50 price target (down previously from $15.00) on shares of Ares Commercial Real Estate Corporation in a report on Thursday, August 10th. Keefe, Bruyette & Woods set a $14.00 price target on Ares Commercial Real Estate Corporation and gave the stock a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded Ares Commercial Real Estate Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.45.

Ares Commercial Real Estate Corporation (NYSE:ACRE) traded down $0.10 during midday trading on Thursday, hitting $12.93. The stock had a trading volume of 205,451 shares, compared to its average volume of 104,849. The company has a market capitalization of $369.67, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.79 and a beta of 0.68. Ares Commercial Real Estate Corporation has a 52-week low of $12.48 and a 52-week high of $14.39.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.11. Ares Commercial Real Estate Corporation had a return on equity of 7.76% and a net margin of 33.69%. The business had revenue of $28.55 million during the quarter, compared to the consensus estimate of $11.71 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. sell-side analysts expect that Ares Commercial Real Estate Corporation will post 1.04 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the business. Boston Partners boosted its position in Ares Commercial Real Estate Corporation by 2.2% in the third quarter. Boston Partners now owns 2,202,746 shares of the real estate investment trust’s stock worth $29,319,000 after purchasing an additional 48,396 shares during the last quarter. Vanguard Group Inc. boosted its position in Ares Commercial Real Estate Corporation by 4.2% in the second quarter. Vanguard Group Inc. now owns 1,238,404 shares of the real estate investment trust’s stock worth $16,211,000 after purchasing an additional 49,469 shares during the last quarter. Telemus Capital LLC boosted its position in Ares Commercial Real Estate Corporation by 10.0% in the third quarter. Telemus Capital LLC now owns 471,597 shares of the real estate investment trust’s stock worth $6,277,000 after purchasing an additional 42,967 shares during the last quarter. Nomura Holdings Inc. boosted its position in Ares Commercial Real Estate Corporation by 2.3% in the second quarter. Nomura Holdings Inc. now owns 437,401 shares of the real estate investment trust’s stock worth $5,732,000 after purchasing an additional 9,803 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Ares Commercial Real Estate Corporation by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 423,005 shares of the real estate investment trust’s stock worth $5,537,000 after purchasing an additional 1,275 shares during the last quarter. 64.18% of the stock is currently owned by institutional investors and hedge funds.

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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