Ares Commercial Real Estate Co. (NYSE:ACRE) Given Average Rating of “Reduce” by Analysts

Ares Commercial Real Estate Co. (NYSE:ACRE) has been assigned a consensus rating of “Reduce” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.80.

ACRE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. StockNews.com raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Ares Commercial Real Estate in a report on Monday, December 9th.

Ares Commercial Real Estate Stock Down 0.4 %

ACRE stock opened at $5.95 on Tuesday. 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 twelve month low of $5.33 and a twelve month high of $8.82. The company’s 50 day moving average is $6.15 and its two-hundred day moving average is $6.69. The stock has a market cap of $324.24 million, a P/E ratio of -5.04 and a beta of 1.50.

Insider Buying and Selling

In other news, VP Anton Feingold sold 7,615 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 78,360 shares of the company’s stock, valued at $445,084.80. This represents a 8.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ACRE. FMR LLC grew its position in Ares Commercial Real Estate by 211.0% in the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 5,252 shares in the last quarter. New York State Common Retirement Fund increased its position in Ares Commercial Real Estate by 160.9% in the fourth quarter. New York State Common Retirement Fund now owns 11,838 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 7,300 shares during the period. 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 buying an additional 1,711 shares during the period. Farther Finance Advisors LLC increased its position in Ares Commercial Real Estate by 472.0% in the fourth quarter. Farther Finance Advisors LLC now owns 14,301 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 11,801 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Ares Commercial Real Estate during the third quarter valued at $96,000. 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.