Keefe, Bruyette & Woods Has Lowered Expectations for Ares Commercial Real Estate (NYSE:ACRE) Stock Price

Ares Commercial Real Estate (NYSE:ACRE) had its price objective cut by stock analysts at Keefe, Bruyette & Woods from $5.50 to $4.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 11.80% from the stock’s previous close.

ACRE has been the topic of a number of other research reports. UBS Group decreased their price target on shares of Ares Commercial Real Estate from $6.00 to $5.25 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Thursday, February 13th. StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lowered their target price on Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Ares Commercial Real Estate presently has a consensus rating of “Hold” and a consensus target price of $5.56.

Ares Commercial Real Estate Trading Down 5.5 %

Shares of ACRE stock opened at $4.03 on Monday. The stock has a fifty day simple moving average of $5.06 and a two-hundred day simple moving average of $6.06. The firm has a market capitalization of $220.80 million, a PE ratio of -6.19 and a beta of 1.22. Ares Commercial Real Estate has a 52-week low of $3.78 and a 52-week high of $7.99. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.87 and a current ratio of 0.87.

Insider Activity at Ares Commercial Real Estate

In other news, VP Anton Feingold sold 7,615 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $5.68, for a total transaction of $43,253.20. Following the completion of the sale, the vice president now owns 78,360 shares of the company’s stock, valued at $445,084.80. The trade was a 8.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ares Commercial Real Estate

Several hedge funds and other institutional investors have recently modified their holdings of the business. Summit Securities Group LLC grew its position in shares of Ares Commercial Real Estate by 139.7% in the fourth quarter. Summit Securities Group LLC now owns 6,700 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 3,905 shares in the last quarter. FMR LLC increased its stake in shares of Ares Commercial Real Estate by 211.0% in the 3rd quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 5,252 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of Ares Commercial Real Estate during the 4th quarter worth $54,000. Brown Brothers Harriman & Co. acquired a new position in shares of Ares Commercial Real Estate during the 4th quarter valued at about $69,000. Finally, New York State Common Retirement Fund grew its holdings in shares of Ares Commercial Real Estate by 160.9% in the fourth quarter. New York State Common Retirement Fund now owns 11,838 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 7,300 shares during the period. 41.34% of the stock is owned by hedge funds and other 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.