Ares Commercial Real Estate (NYSE:ACRE – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.
A number of other analysts have also commented on ACRE. Wells Fargo & Company lifted their target price on shares of Ares Commercial Real Estate from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Ares Commercial Real Estate in a report on Monday, May 11th. Keefe, Bruyette & Woods decreased their price target on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $5.25.
Check Out Our Latest Report on ACRE
Ares Commercial Real Estate Stock Performance
Institutional Investors Weigh In On Ares Commercial Real Estate
Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in Ares Commercial Real Estate by 456.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,033 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 4,948 shares in the last quarter. Triumph Capital Management bought a new stake in Ares Commercial Real Estate in the 3rd quarter valued at $38,000. BNP Paribas Financial Markets lifted its position in Ares Commercial Real Estate by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,367 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 5,192 shares in the last quarter. Strs Ohio bought a new stake in Ares Commercial Real Estate in the 1st quarter valued at $47,000. Finally, 180 Wealth Advisors LLC bought a new stake in Ares Commercial Real Estate in the 4th quarter valued at $49,000. 41.34% of the stock is owned by institutional investors.
About Ares Commercial Real Estate
Ares Commercial Real Estate Corporation (NYSE: ACRE) is a publicly traded real estate investment trust (REIT) primarily focused on commercial real estate debt investments. Externally managed by an affiliate of Ares Management Corporation, ACRE seeks to generate attractive risk-adjusted returns through its diversified portfolio of CRE financing strategies. The company specializes in originating, acquiring, financing and managing first mortgages, mezzanine loans, preferred equity and other structured finance products.
Since its inception, Ares Commercial Real Estate has targeted a broad range of property types, including multifamily, office, industrial, retail and hospitality assets.
Read More
- Five stocks we like better than Ares Commercial Real Estate
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Receive News & Ratings for Ares Commercial Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Commercial Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.
