Ares Commercial Real Estate Corporation (NYSE:ACRE) received a $14.00 target price from analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.38% from the company’s current price.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub lowered Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Credit Suisse Group restated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th. Finally, JMP Securities upped their price objective on Ares Commercial Real Estate Corporation to $14.00 and gave the stock a “market outperform” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.21.

Ares Commercial Real Estate Corporation (ACRE) opened at 13.16 on Thursday. The company has a market capitalization of $375.81 million, a price-to-earnings ratio of 9.45 and a beta of 0.69. Ares Commercial Real Estate Corporation has a one year low of $12.13 and a one year high of $14.39. The firm’s 50-day moving average price is $13.06 and its 200 day moving average price is $13.30.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.85 million. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. On average, equities research analysts expect that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of ACRE. Nomura Holdings Inc. raised its stake in Ares Commercial Real Estate Corporation by 2.3% in the second quarter. Nomura Holdings Inc. now owns 437,401 shares of the real estate investment trust’s stock valued at $5,732,000 after buying an additional 9,803 shares during the period. The Manufacturers Life Insurance Company raised its stake in Ares Commercial Real Estate Corporation by 10.8% in the second quarter. The Manufacturers Life Insurance Company now owns 25,473 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 2,491 shares during the period. Ares Management LLC raised its stake in Ares Commercial Real Estate Corporation by 3.6% in the second quarter. Ares Management LLC now owns 29,386 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 1,008 shares during the period. Royal Bank of Canada raised its stake in Ares Commercial Real Estate Corporation by 3.1% in the second quarter. Royal Bank of Canada now owns 46,452 shares of the real estate investment trust’s stock valued at $609,000 after buying an additional 1,417 shares during the period. Finally, HighTower Advisors LLC bought a new stake in Ares Commercial Real Estate Corporation during the second quarter valued at approximately $448,000. Hedge funds and other institutional investors own 66.70% of the company’s stock.

Ares Commercial Real Estate Corporation 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.

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

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