Ares Commercial Real Estate (ACRE) Stock Rating Lowered by Zacks Investment Research

Ares Commercial Real Estate (NYSE:ACRE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Ares Commercial Real Estate Corporation is a specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate investments. The Company’s financing solutions are comprised of its target investments, which include the following: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Other CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation is based in Chicago, Illinois. “

Several other brokerages have also recently commented on ACRE. BidaskClub cut Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. ValuEngine raised Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, B. Riley reaffirmed a “buy” rating on shares of Ares Commercial Real Estate in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Ares Commercial Real Estate has an average rating of “Hold” and a consensus price target of $14.13.

Shares of Ares Commercial Real Estate (ACRE) traded down $0.23 during midday trading on Monday, hitting $12.14. The company had a trading volume of 287,300 shares, compared to its average volume of 143,429. The company has a market cap of $352.23, a PE ratio of 10.74 and a beta of 0.62. Ares Commercial Real Estate has a 1-year low of $11.97 and a 1-year high of $14.22.

A number of institutional investors have recently made changes to their positions in ACRE. SG Americas Securities LLC bought a new stake in Ares Commercial Real Estate during the third quarter worth approximately $103,000. Atria Investments LLC bought a new stake in Ares Commercial Real Estate during the fourth quarter worth approximately $132,000. Cubist Systematic Strategies LLC bought a new stake in Ares Commercial Real Estate during the third quarter worth approximately $140,000. Edge Wealth Management LLC boosted its position in Ares Commercial Real Estate by 40.0% during the fourth quarter. Edge Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 4,000 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Ares Commercial Real Estate during the third quarter worth approximately $185,000. 63.13% of the stock is owned by hedge funds and other institutional investors.

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Ares Commercial Real Estate 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.

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