Ares Commercial Real Estate Corp. (NYSE:ACRE) had its price target increased by FBR & Co from $14.00 to $14.75 in a report released on Tuesday. The brokerage currently has an “outperform” rating on the stock. FBR & Co’s price target would suggest a potential upside of 8.62% from the stock’s previous close.

Several other brokerages also recently commented on ACRE. Credit Suisse Group AG reiterated a “hold” rating and set a $13.00 target price on shares of Ares Commercial Real Estate Corp. in a report on Monday, August 8th. JPMorgan Chase & Co. restated a “buy” rating and set a $14.00 price objective on shares of Ares Commercial Real Estate Corp. in a research note on Friday, November 4th. Citigroup Inc. raised their price objective on Ares Commercial Real Estate Corp. from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Keefe, Bruyette & Woods raised their price objective on Ares Commercial Real Estate Corp. from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research upgraded Ares Commercial Real Estate Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, October 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.54.

Analyst Recommendations for Ares Commercial Real Estate Corp. (NYSE:ACRE)

Shares of Ares Commercial Real Estate Corp. (NYSE:ACRE) opened at 13.58 on Tuesday. The stock has a market cap of $386.39 million, a PE ratio of 9.40 and a beta of 0.78. The stock’s 50 day moving average price is $12.95 and its 200 day moving average price is $12.50. Ares Commercial Real Estate Corp. has a 1-year low of $8.91 and a 1-year high of $13.67.

Ares Commercial Real Estate Corp. (NYSE:ACRE) last announced its earnings results on Thursday, November 3rd. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by $0.01. Ares Commercial Real Estate Corp. had a net margin of 54.20% and a return on equity of 6.34%. During the same period in the previous year, the company earned $0.33 EPS. On average, equities research analysts anticipate that Ares Commercial Real Estate Corp. will post $1.40 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be given a $0.26 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.04 annualized dividend and a dividend yield of 7.66%. Ares Commercial Real Estate Corp.’s payout ratio is 71.72%.

In related news, CEO Robert L. Rosen purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were acquired at an average price of $12.35 per share, with a total value of $123,500.00. Following the acquisition, the chief executive officer now owns 50,013 shares in the company, valued at approximately $617,660.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James E. Skinner purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was bought at an average cost of $12.52 per share, for a total transaction of $25,040.00. Following the acquisition, the director now owns 11,936 shares in the company, valued at approximately $149,438.72. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in ACRE. James Investment Research Inc. bought a new stake in shares of Ares Commercial Real Estate Corp. during the second quarter valued at about $675,000. Clear Harbor Asset Management LLC increased its stake in shares of Ares Commercial Real Estate Corp. by 97.5% in the first quarter. Clear Harbor Asset Management LLC now owns 342,927 shares of the company’s stock valued at $3,755,000 after buying an additional 169,282 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Ares Commercial Real Estate Corp. by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 105,926 shares of the company’s stock valued at $1,302,000 after buying an additional 8,706 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Ares Commercial Real Estate Corp. by 135.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 113,957 shares of the company’s stock valued at $1,401,000 after buying an additional 65,595 shares during the period. Finally, Boston Partners increased its stake in shares of Ares Commercial Real Estate Corp. by 1.2% in the second quarter. Boston Partners now owns 2,004,100 shares of the company’s stock valued at $24,630,000 after buying an additional 24,059 shares during the period. 68.37% of the stock is currently owned by institutional investors and hedge funds.

Ares Commercial Real Estate Corp. Company Profile

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking.

5 Day Chart for NYSE:ACRE

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