Ares Commercial Real Estate (NYSE:ACRE) Rating Lowered to Sell at Wall Street Zen

Ares Commercial Real Estate (NYSE:ACRE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

ACRE has been the subject of a number of other reports. Weiss Ratings restated a “sell (d)” rating on shares of Ares Commercial Real Estate in a research note on Monday, May 11th. Wells Fargo & Company upped their price objective on Ares Commercial Real Estate from $4.00 to $5.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered their price objective on Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Zacks Research downgraded Ares Commercial Real Estate from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price objective on Ares Commercial Real Estate from $6.00 to $5.50 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $5.25.

Ares Commercial Real Estate Price Performance

Shares of ACRE opened at $4.95 on Friday. The company has a market cap of $274.35 million, a P/E ratio of -13.74 and a beta of 1.18. The stock has a fifty day moving average price of $4.97 and a 200 day moving average price of $5.03. Ares Commercial Real Estate has a 12 month low of $4.05 and a 12 month high of $5.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in Ares Commercial Real Estate by 8.9% in the 4th quarter. LPL Financial LLC now owns 27,950 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 2,284 shares during the last quarter. Private Advisor Group LLC increased its position in Ares Commercial Real Estate by 9.0% in the 3rd quarter. Private Advisor Group LLC now owns 41,019 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 3,371 shares during the last quarter. HRT Financial LP increased its position in Ares Commercial Real Estate by 36.0% in the 4th quarter. HRT Financial LP now owns 16,790 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 4,445 shares during the last quarter. Evoke Wealth LLC increased its position in Ares Commercial Real Estate by 2.2% in the 4th quarter. Evoke Wealth LLC now owns 232,262 shares of the real estate investment trust’s stock worth $1,145,000 after purchasing an additional 4,936 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Ares Commercial Real Estate by 456.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,033 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 4,948 shares during the last quarter. Institutional investors own 41.34% of the company’s stock.

About Ares Commercial Real Estate

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a publicly traded real estate investment trust (REIT) primarily focused on commercial real estate debt investments. Externally managed by an affiliate of Ares Management Corporation, ACRE seeks to generate attractive risk-adjusted returns through its diversified portfolio of CRE financing strategies. The company specializes in originating, acquiring, financing and managing first mortgages, mezzanine loans, preferred equity and other structured finance products.

Since its inception, Ares Commercial Real Estate has targeted a broad range of property types, including multifamily, office, industrial, retail and hospitality assets.