Ares Commercial Real Estate Corp (NYSE:ACRE) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Monday, July 31st.

ACRE has been the topic of a number of other research reports. Zacks Investment Research raised shares of Ares Commercial Real Estate Corp from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $13.75 target price on shares of Ares Commercial Real Estate Corp in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.17.

Shares of Ares Commercial Real Estate Corp (ACRE) traded down 0.68% during trading on Monday, hitting $13.11. The stock had a trading volume of 77,500 shares. The stock has a 50 day moving average of $13.08 and a 200 day moving average of $13.31. Ares Commercial Real Estate Corp has a 52-week low of $12.13 and a 52-week high of $14.39. The firm has a market cap of $374.38 million, a PE ratio of 9.41 and a beta of 0.69.

Ares Commercial Real Estate Corp (NYSE:ACRE) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. Ares Commercial Real Estate Corp had a net margin of 29.65% and a return on equity of 6.45%. The business had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.85 million. During the same quarter last year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Ares Commercial Real Estate Corp will post $1.05 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://theolympiareport.com/2017/08/12/bidaskclub-downgrades-ares-commercial-real-estate-corporation-nyseacre-to-sell-updated.html.

Several hedge funds and other institutional investors have recently bought and sold shares of ACRE. Boston Partners increased its position in Ares Commercial Real Estate Corp by 2.0% in the second quarter. Boston Partners now owns 2,154,350 shares of the real estate investment trust’s stock worth $28,201,000 after buying an additional 42,639 shares in the last quarter. Vanguard Group Inc. increased its stake in Ares Commercial Real Estate Corp 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 buying an additional 49,469 shares during the period. State Street Corp increased its stake in Ares Commercial Real Estate Corp by 5.4% in the fourth quarter. State Street Corp now owns 670,409 shares of the real estate investment trust’s stock worth $9,206,000 after buying an additional 34,446 shares during the period. Telemus Capital LLC increased its stake in Ares Commercial Real Estate Corp by 6.5% in the second quarter. Telemus Capital LLC now owns 428,630 shares of the real estate investment trust’s stock worth $5,611,000 after buying an additional 26,035 shares during the period. Finally, Nomura Holdings Inc. increased its stake in Ares Commercial Real Estate Corp by 10.5% in the first quarter. Nomura Holdings Inc. now owns 427,598 shares of the real estate investment trust’s stock worth $5,710,000 after buying an additional 40,751 shares during the period. 66.87% of the stock is owned by institutional investors.

Ares Commercial Real Estate Corp 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 Corp (NYSE:ACRE)

Receive News & Ratings for Ares Commercial Real Estate Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Commercial Real Estate Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.