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

Ares Commercial Real Estate (NYSE:ACREGet 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

ACRE opened at $4.93 on Tuesday. The company has a fifty day moving average price of $4.96 and a two-hundred day moving average price of $5.04. Ares Commercial Real Estate has a 52 week low of $4.05 and a 52 week high of $5.89. The firm has a market capitalization of $273.24 million, a PE ratio of -13.68 and a beta of 1.18.

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

(Get Free Report)

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.

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

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