Ares Commercial Real Estate Corporation (NYSE:ACRE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

A number of other research analysts also recently issued reports on ACRE. Zacks Investment Research raised Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.75 price target on shares of Ares Commercial Real Estate Corporation in a report on Friday, June 9th. Credit Suisse Group reissued a “hold” rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th. Finally, JMP Securities boosted their price target on Ares Commercial Real Estate Corporation to $14.00 and gave the company a “market outperform” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Ares Commercial Real Estate Corporation presently has a consensus rating of “Hold” and a consensus target price of $14.21.

Ares Commercial Real Estate Corporation (ACRE) traded down 0.31% during midday trading on Wednesday, reaching $12.95. 61,982 shares of the company traded hands. The firm has a 50-day moving average of $13.11 and a 200-day moving average of $13.28. The stock has a market capitalization of $369.81 million, a P/E ratio of 9.30 and a beta of 0.68. Ares Commercial Real Estate Corporation has a 1-year low of $12.13 and a 1-year high of $14.39.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.24. Ares Commercial Real Estate Corporation had a return on equity of 7.07% and a net margin of 45.06%. The company had revenue of $10.40 million during the quarter, compared to the consensus estimate of $10.85 million. During the same period in the previous year, the company posted $0.31 earnings per share. Ares Commercial Real Estate Corporation’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the company. TFS Capital LLC acquired a new position in shares of Ares Commercial Real Estate Corporation during the 1st quarter worth approximately $227,000. Hancock Holding Co. raised its stake in shares of Ares Commercial Real Estate Corporation by 26.0% during the 1st quarter. Hancock Holding Co. now owns 13,162 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 2,713 shares during the period. Karp Capital Management Corp acquired a new position in shares of Ares Commercial Real Estate Corporation during the 1st quarter worth approximately $277,000. American International Group Inc. raised its stake in shares of Ares Commercial Real Estate Corporation by 6.9% during the 1st quarter. American International Group Inc. now owns 16,512 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 1,060 shares during the period. Finally, LSV Asset Management raised its stake in shares of Ares Commercial Real Estate Corporation by 15.1% during the 1st quarter. LSV Asset Management now owns 117,700 shares of the real estate investment trust’s stock worth $1,574,000 after buying an additional 15,400 shares during the period. 65.15% of the stock is 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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