Ares Commercial Real Estate (ACRE) Upgraded to Buy by Zacks Investment Research

Ares Commercial Real Estate (NYSE:ACRE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $14.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.23% from the company’s current price.

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 topic of a number of other reports. BidaskClub downgraded Ares Commercial Real Estate from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. B. Riley reissued a “buy” rating and set a $14.00 target price on shares of Ares Commercial Real Estate in a research report on Tuesday, January 9th. Finally, ValuEngine raised Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.13.

Shares of Ares Commercial Real Estate (NYSE:ACRE) traded up $0.01 during trading hours on Tuesday, hitting $12.15. The stock had a trading volume of 222,726 shares, compared to its average volume of 144,887. Ares Commercial Real Estate has a 12 month low of $11.96 and a 12 month high of $14.22. The firm has a market capitalization of $353.66, a P/E ratio of 10.65 and a beta of 0.62.

Hedge funds have recently added to or reduced their stakes in the stock. Telemus Capital LLC boosted its holdings in Ares Commercial Real Estate by 10.2% during the fourth quarter. Telemus Capital LLC now owns 519,850 shares of the real estate investment trust’s stock valued at $6,706,000 after purchasing an additional 48,253 shares in the last quarter. Delphi Management Inc. MA boosted its holdings in Ares Commercial Real Estate by 173.0% during the fourth quarter. Delphi Management Inc. MA now owns 174,426 shares of the real estate investment trust’s stock valued at $2,250,000 after purchasing an additional 110,538 shares in the last quarter. Boston Partners boosted its holdings in Ares Commercial Real Estate by 8.6% during the fourth quarter. Boston Partners now owns 2,391,462 shares of the real estate investment trust’s stock valued at $30,850,000 after purchasing an additional 188,716 shares in the last quarter. LSV Asset Management boosted its holdings in Ares Commercial Real Estate by 38.4% during the fourth quarter. LSV Asset Management now owns 185,700 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 51,500 shares in the last quarter. Finally, Orinda Asset Management LLC acquired a new stake in Ares Commercial Real Estate during the fourth quarter valued at approximately $387,000. 63.13% of the stock is currently owned by institutional investors and hedge funds.

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Ares Commercial Real Estate 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.

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