Ares Commercial Real Estate Corporation (NYSE:ACRE) Earns “Outperform” Rating from JMP Securities

Ares Commercial Real Estate Corporation (NYSE:ACRE)‘s stock had its “outperform” rating reiterated by JMP Securities in a research note issued to investors on Thursday. They presently have a $14.50 target price on the real estate investment trust’s stock, down from their previous target price of $15.00. JMP Securities’ price target would suggest a potential upside of 9.10% from the stock’s current price.

Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $13.75 target price on shares of Ares Commercial Real Estate Corporation in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th. Finally, BidaskClub raised shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.14.

Ares Commercial Real Estate Corporation (NYSE:ACRE) traded down 0.188% during midday trading on Thursday, hitting $13.265. The stock had a trading volume of 11,919 shares. The company has a market cap of $378.81 million, a price-to-earnings ratio of 9.523 and a beta of 0.69. The company’s 50 day moving average is $13.10 and its 200 day moving average is $13.32. Ares Commercial Real Estate Corporation has a 1-year low of $12.13 and a 1-year high of $14.39.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The business had revenue of $10.40 million during the quarter, compared to the consensus estimate of $10.85 million. During the same period in the previous year, the business earned $0.31 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts anticipate that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Ares Commercial Real Estate Corporation by 5.4% in the fourth quarter. State Street Corp now owns 670,409 shares of the real estate investment trust’s stock valued at $9,206,000 after buying an additional 34,446 shares in the last quarter. Telemus Capital LLC boosted its stake in shares of Ares Commercial Real Estate Corporation by 42.0% in the first quarter. Telemus Capital LLC now owns 402,595 shares of the real estate investment trust’s stock worth $5,387,000 after buying an additional 119,109 shares during the period. Buckhead Capital Management LLC boosted its stake in shares of Ares Commercial Real Estate Corporation by 2.4% in the first quarter. Buckhead Capital Management LLC now owns 238,320 shares of the real estate investment trust’s stock worth $3,189,000 after buying an additional 5,510 shares during the period. Camelot Portfolios LLC boosted its stake in shares of Ares Commercial Real Estate Corporation by 2.5% in the first quarter. Camelot Portfolios LLC now owns 77,119 shares of the real estate investment trust’s stock worth $1,032,000 after buying an additional 1,902 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Ares Commercial Real Estate Corporation by 15.1% in the first quarter. LSV Asset Management now owns 117,700 shares of the real estate investment trust’s stock worth $1,574,000 after buying an additional 15,400 shares during the period. 66.87% of the stock is currently owned by institutional investors.

Ares Commercial Real Estate Corporation 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.

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

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