Ares Commercial Real Estate’s (ACRE) Market Perform Rating Reiterated at JMP Securities

Ares Commercial Real Estate (NYSE:ACRE)‘s stock had its “market perform” rating reissued by equities researchers at JMP Securities in a research report issued on Monday,Benzinga reports.

Several other research analysts have also commented on the stock. StockNews.com lowered shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. reduced their price target on Ares Commercial Real Estate from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lowered Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $7.50 to $7.00 in a report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.10.

Ares Commercial Real Estate Stock Up 0.7 %

NYSE:ACRE traded up $0.05 during trading hours on Monday, hitting $7.11. 114,165 shares of the stock traded hands, compared to its average volume of 559,515. The firm has a market cap of $387.78 million, a price-to-earnings ratio of -6.03 and a beta of 1.48. The firm has a 50 day moving average price of $6.82 and a 200 day moving average price of $7.01. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.38. Ares Commercial Real Estate has a fifty-two week low of $6.25 and a fifty-two week high of $11.24.

Institutional Trading of Ares Commercial Real Estate

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its position in Ares Commercial Real Estate by 211.0% in the 3rd quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 5,252 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Ares Commercial Real Estate in the second quarter valued at about $68,000. BNP Paribas Financial Markets increased its position in 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 worth $82,000 after purchasing an additional 1,711 shares during the period. XTX Topco Ltd bought a new stake in Ares Commercial Real Estate during the 2nd quarter worth about $82,000. Finally, Quest Partners LLC lifted its position in Ares Commercial Real Estate by 1,329,500.0% during the 2nd quarter. Quest Partners LLC now owns 13,296 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 13,295 shares during the period. 41.34% of the stock is currently owned by institutional investors and hedge funds.

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.