Ares Commercial Real Estate Co. (NYSE:ACRE) Receives $6.80 Consensus PT from Analysts

Shares of Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) have been given an average rating of "Reduce" by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.80.

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on Ares Commercial Real Estate from $7.00 to $6.00 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. JMP Securities reaffirmed a "market perform" rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. StockNews.com upgraded shares of Ares Commercial Real Estate from a "sell" rating to a "hold" rating in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st.

Ares Commercial Real Estate Trading Down 0.3 %

ACRE stock traded down $0.02 during midday trading on Tuesday, hitting $5.97. 443,249 shares of the company's stock were exchanged, compared to its average volume of 499,310. Ares Commercial Real Estate has a one year low of $5.33 and a one year high of $8.85. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $325.33 million, a PE ratio of -5.06 and a beta of 1.50. The stock's fifty day moving average price is $6.17 and its 200-day moving average price is $6.71.

Insider Activity

In related news, VP Anton Feingold sold 7,615 shares of Ares Commercial Real Estate stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $5.68, for a total value of $43,253.20. Following the sale, the vice president now owns 78,360 shares of the company's stock, valued at approximately $445,084.80. The trade was a 8.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Ares Commercial Real Estate by 211.0% during the 3rd quarter. FMR LLC now owns 7,741 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 5,252 shares in the last quarter. New York State Common Retirement Fund raised its position in Ares Commercial Real Estate by 160.9% during the fourth quarter. New York State Common Retirement Fund now owns 11,838 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 7,300 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Ares Commercial Real Estate by 17.1% in the third quarter. BNP Paribas Financial Markets now owns 11,733 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 1,711 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Ares Commercial Real Estate in the third quarter valued at $96,000. Finally, AQR Capital Management LLC bought a new position in shares of Ares Commercial Real Estate in the 2nd quarter valued at about $122,000. 41.34% of the stock is currently owned by institutional investors.

About Ares Commercial Real Estate

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities.