Ares Commercial Real Estate (NYSE:ACRE) Rating Increased to Hold at StockNews.com

Ares Commercial Real Estate (NYSE:ACRE - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Tuesday.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Ares Commercial Real Estate from $7.00 to $6.50 and set a "neutral" rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company lowered shares of Ares Commercial Real Estate from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $7.50 to $7.00 in a research report on Friday, September 20th. Finally, JMP Securities restated a "market perform" rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, Ares Commercial Real Estate currently has an average rating of "Hold" and an average target price of $7.10.

Ares Commercial Real Estate Trading Down 3.9 %

ACRE stock traded down $0.26 on Tuesday, hitting $6.57. 1,333,464 shares of the company were exchanged, compared to its average volume of 563,211. Ares Commercial Real Estate has a twelve month low of $6.25 and a twelve month high of $11.24. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.87 and a quick ratio of 0.87. The business's fifty day moving average is $6.85 and its two-hundred day moving average is $7.02. The stock has a market capitalization of $358.07 million, a price-to-earnings ratio of -5.56 and a beta of 1.48.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ACRE. Bank of New York Mellon Corp lifted its position in shares of Ares Commercial Real Estate by 10.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 206,143 shares of the real estate investment trust's stock worth $1,371,000 after buying an additional 19,626 shares during the last quarter. Access Investment Management LLC lifted its position in shares of Ares Commercial Real Estate by 15.5% in the 2nd quarter. Access Investment Management LLC now owns 85,700 shares of the real estate investment trust's stock worth $570,000 after buying an additional 11,500 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Ares Commercial Real Estate in the 2nd quarter worth about $68,000. Van ECK Associates Corp lifted its position in shares of Ares Commercial Real Estate by 26.9% in the 2nd quarter. Van ECK Associates Corp now owns 524,694 shares of the real estate investment trust's stock worth $3,489,000 after buying an additional 111,194 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Ares Commercial Real Estate by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 86,466 shares of the real estate investment trust's stock worth $575,000 after buying an additional 1,797 shares during the last quarter. 41.34% of the stock is currently owned by institutional investors.

Ares Commercial Real Estate Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.