UBS Group Has Lowered Expectations for Ares Commercial Real Estate (NYSE:ACRE) Stock Price

Ares Commercial Real Estate (NYSE:ACRE) had its price target reduced by research analysts at UBS Group from $5.25 to $3.75 in a report released on Wednesday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price objective would suggest a potential upside of 3.73% from the company’s current price.

Other analysts have also issued reports about the company. Keefe, Bruyette & Woods dropped their price objective on Ares Commercial Real Estate from $5.50 to $4.50 and set a “market perform” rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Thursday, February 13th. StockNews.com raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, JMP Securities reiterated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.19.

Ares Commercial Real Estate Stock Up 3.3 %

ACRE opened at $3.62 on Wednesday. The company has a fifty day moving average of $4.59 and a two-hundred day moving average of $5.81. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.87 and a current ratio of 0.87. Ares Commercial Real Estate has a fifty-two week low of $3.35 and a fifty-two week high of $7.99. The stock has a market capitalization of $198.31 million, a price-to-earnings ratio of -5.56 and a beta of 1.22.

Insider Transactions at Ares Commercial Real Estate

In related news, VP Anton Feingold sold 7,615 shares of the firm’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 directly owns 78,360 shares in the company, valued at approximately $445,084.80. This trade represents 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 accessible through this link. Insiders own 1.80% of the company’s stock.

Institutional Trading of Ares Commercial Real Estate

A number of hedge funds and other institutional investors have recently made changes to their positions in ACRE. Geode Capital Management LLC increased its stake in Ares Commercial Real Estate by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,272,163 shares of the real estate investment trust’s stock worth $8,907,000 after acquiring an additional 16,309 shares during the last quarter. State Street Corp increased its position in shares of Ares Commercial Real Estate by 2.3% during the third quarter. State Street Corp now owns 1,052,314 shares of the real estate investment trust’s stock valued at $7,627,000 after acquiring an additional 23,845 shares during the last quarter. Northern Trust Corp boosted its position in shares of Ares Commercial Real Estate by 32.3% during the 4th quarter. Northern Trust Corp now owns 605,491 shares of the real estate investment trust’s stock worth $3,566,000 after purchasing an additional 147,990 shares during the period. Van ECK Associates Corp boosted its position in shares of Ares Commercial Real Estate by 19.5% during the 4th quarter. Van ECK Associates Corp now owns 591,036 shares of the real estate investment trust’s stock worth $3,481,000 after purchasing an additional 96,551 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Ares Commercial Real Estate by 31.5% in the fourth quarter. JPMorgan Chase & Co. now owns 545,967 shares of the real estate investment trust’s stock valued at $3,216,000 after purchasing an additional 130,635 shares during the period. Institutional investors and hedge funds own 41.34% of the company’s stock.

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.