Ares Commercial Real Estate (NYSE:ACRE) Given New $4.50 Price Target at Keefe, Bruyette & Woods

Ares Commercial Real Estate (NYSE:ACRE) had its target price decreased by Keefe, Bruyette & Woods from $5.50 to $4.50 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 24.83% from the company’s previous close.

A number of other brokerages also recently commented on ACRE. UBS Group lowered their target price on 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 reissued a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on 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. Finally, StockNews.com upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Ares Commercial Real Estate currently has a consensus rating of “Hold” and a consensus target price of $5.56.

Ares Commercial Real Estate Trading Down 5.1 %

Shares of NYSE:ACRE opened at $3.61 on Monday. The firm has a fifty day moving average of $4.94 and a two-hundred day moving average of $5.99. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17. Ares Commercial Real Estate has a 12-month low of $3.57 and a 12-month high of $7.99. The firm has a market capitalization of $197.76 million, a P/E ratio of -5.55 and a beta of 1.22.

Insider Buying and Selling

In related news, VP Anton Feingold sold 7,615 shares of Ares Commercial Real Estate stock in a transaction on Friday, January 31st. The shares were sold at an average price of $5.68, for a total value of $43,253.20. Following the transaction, the vice president now owns 78,360 shares in the company, valued at $445,084.80. This trade represents a 8.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Ares Commercial Real Estate

Institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new stake in Ares Commercial Real Estate in the 3rd quarter valued at approximately $96,000. FMR LLC lifted its holdings in shares of Ares Commercial Real Estate by 211.0% during the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 5,252 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Ares Commercial Real Estate by 17.1% in the third quarter. BNP Paribas Financial Markets now owns 11,733 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 1,711 shares during the period. Centiva Capital LP acquired a new stake in shares of Ares Commercial Real Estate in the third quarter worth $253,000. Finally, State Street Corp increased its position in 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 worth $7,627,000 after acquiring an additional 23,845 shares during the period. 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.