Zacks Investment Research upgraded shares of Ares Commercial Real Estate (NYSE:ACRE) from a hold rating to a buy rating in a report released on Tuesday. Zacks Investment Research currently has $14.00 price target on the real estate investment trust’s stock.

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 subject of several other research reports. BidaskClub downgraded Ares Commercial Real Estate from a hold rating to a sell rating in a research report on Thursday, October 26th. ValuEngine upgraded Ares Commercial Real Estate from a hold rating to a buy rating in a research report on Tuesday, November 7th. Finally, B. Riley restated a buy rating on shares of Ares Commercial Real Estate in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $14.13.

Shares of Ares Commercial Real Estate (ACRE) opened at $12.27 on Tuesday. Ares Commercial Real Estate has a fifty-two week low of $11.96 and a fifty-two week high of $14.22. The firm has a market capitalization of $347.37, a P/E ratio of 10.76 and a beta of 0.62.

Several institutional investors have recently bought and sold shares of the stock. Boston Partners lifted its position in shares of Ares Commercial Real Estate by 8.6% during the 4th quarter. Boston Partners now owns 2,391,462 shares of the real estate investment trust’s stock worth $30,850,000 after buying an additional 188,716 shares during the period. Vanguard Group Inc. lifted its position in shares of Ares Commercial Real Estate by 4.2% during the 2nd 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. Telemus Capital LLC lifted its position in shares of Ares Commercial Real Estate by 10.2% during the 4th quarter. Telemus Capital LLC now owns 519,850 shares of the real estate investment trust’s stock worth $6,706,000 after buying an additional 48,253 shares during the period. Wells Fargo & Company MN lifted its position in shares of Ares Commercial Real Estate by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 400,619 shares of the real estate investment trust’s stock worth $5,168,000 after buying an additional 5,799 shares during the period. Finally, Relative Value Partners Group LLC lifted its position in shares of Ares Commercial Real Estate by 16.8% during the 3rd quarter. Relative Value Partners Group LLC now owns 308,840 shares of the real estate investment trust’s stock worth $4,194,000 after buying an additional 44,405 shares during the period. 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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