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

Ares Commercial Real Estate (NYSE:ACRE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $14.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price indicates a potential upside of 14.19% 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 several other research reports. B. Riley restated a “buy” rating and set a $14.00 price objective on shares of Ares Commercial Real Estate in a report on Tuesday, January 9th. ValuEngine upgraded shares of Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.13.

Shares of Ares Commercial Real Estate (ACRE) traded up $0.12 on Tuesday, reaching $12.26. 77,754 shares of the company traded hands, compared to its average volume of 144,610. The company has a market cap of $347.37, a P/E ratio of 10.75 and a beta of 0.62. Ares Commercial Real Estate has a 12-month low of $11.96 and a 12-month high of $14.22.

Several institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL boosted its position in shares of Ares Commercial Real Estate by 1.5% during the 1st quarter. Tudor Investment Corp ET AL now owns 10,705 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 158 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Ares Commercial Real Estate by 1.8% during the 2nd quarter. Suntrust Banks Inc. now owns 14,747 shares of the real estate investment trust’s stock valued at $180,000 after acquiring an additional 255 shares in the last quarter. Berson & Corrado Investment Advisors LLC boosted its position in shares of Ares Commercial Real Estate by 1.0% during the 2nd quarter. Berson & Corrado Investment Advisors LLC now owns 81,790 shares of the real estate investment trust’s stock valued at $1,005,000 after acquiring an additional 770 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Ares Commercial Real Estate by 5.3% during the 3rd quarter. First Trust Advisors LP now owns 15,499 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 778 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of Ares Commercial Real Estate by 5.4% during the 1st quarter. ClariVest Asset Management LLC now owns 15,494 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 791 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

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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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