UBS Group Issues Pessimistic Forecast for Ares Commercial Real Estate (NYSE:ACRE) Stock Price

Ares Commercial Real Estate (NYSE:ACRE) had its price target reduced by equities researchers at UBS Group from $6.00 to $5.25 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s target price would indicate a potential upside of 8.58% from the company’s previous close.

ACRE has been the subject of a number of other research reports. 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 research note on Thursday, February 13th. JMP Securities reissued a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Thursday, February 13th. StockNews.com upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods dropped their price objective on Ares Commercial Real Estate from $6.00 to $5.50 and set a “market perform” rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.05.

Ares Commercial Real Estate Trading Down 1.3 %

Ares Commercial Real Estate stock traded down $0.07 during trading hours on Tuesday, hitting $4.84. The stock had a trading volume of 120,522 shares, compared to its average volume of 648,849. The stock has a market cap of $265.25 million, a price-to-earnings ratio of -7.44 and a beta of 1.50. The business’s 50 day simple moving average is $5.76 and its 200-day simple moving average is $6.53. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17. Ares Commercial Real Estate has a one year low of $4.82 and a one year high of $7.99.

Insider Activity

In other Ares Commercial Real Estate news, VP Anton Feingold sold 7,615 shares of Ares Commercial Real Estate stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $5.68, for a total transaction of $43,253.20. Following the completion of the sale, the vice president now directly owns 78,360 shares in the company, valued at approximately $445,084.80. The trade was a 8.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Institutional Trading of Ares Commercial Real Estate

Several institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in shares of Ares Commercial Real Estate by 57.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 31,267 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 11,388 shares during the period. Victory Capital Management Inc. increased its position in shares of Ares Commercial Real Estate by 4.3% during the third quarter. Victory Capital Management Inc. now owns 88,093 shares of the real estate investment trust’s stock worth $617,000 after acquiring an additional 3,593 shares during the period. Intech Investment Management LLC purchased a new position in Ares Commercial Real Estate in the third quarter worth approximately $96,000. Penserra Capital Management LLC increased its holdings in shares of Ares Commercial Real Estate by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 149,365 shares of the real estate investment trust’s stock valued at $1,045,000 after acquiring an additional 27,900 shares during the last quarter. Finally, FMR LLC raised its stake in Ares Commercial Real Estate by 211.0% during the 3rd quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 5,252 shares in the last quarter. Institutional investors and hedge funds own 41.34% of the company’s stock.

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.