Ares Commercial Real Estate Co. (NYSE:ACRE) Receives an Average “Moderate Buy” Recommendation from Brokerages

Ares Commercial Real Estate Co. (NYSE:ACREGet a rating) has been assigned an average recommendation of “moderate buy” by the seven brokerages that currently cover the stock, Market Beat Ratings reports. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. The 1-year average price target among brokerages that have hedged the stock over the past year is $13.80.

Several brokerages have commented on ACRE. Credit Suisse Group lowered its price target on Ares Commercial Real Estate to $13.50 in a Thursday, October 13 research note. StockNews.com alleged coverage on Ares Commercial Real Estate in a research note from Wednesday, October 12. They issued a “hold” rating on the stock. Bank of America took over Ares Commercial Real Estate coverage in a research note on Monday. They issued a “buy” rating on the stock. Raymond James lowered his price target on Ares Commercial Real Estate from $15.00 to $13.50 and set an “outperform” rating on the stock in a Tuesday, October 18 research note. Finally, JPMorgan Chase & Co. lowered its price target on Ares Commercial Real Estate from $13.50 to $12.00 and set a “neutral” rating on the stock in a Monday, October 24 research note.

Institutional investors weigh in on Ares Commercial Real Estate

Several large investors have recently changed their positions in ACRE. Samalin Investment Counsel LLC purchased a new stake in the shares of Ares Commercial Real Estate in the first quarter worth approximately $50,000. Ensign Peak Advisors Inc bought a new position in Ares Commercial Real Estate in the second quarter worth approximately $71,000. Amalgamated Bank bought a new stock position in Ares Commercial Real Estate during the first quarter worth approximately $82,000. Worth Asset Management LLC purchased a new stock position in Ares Commercial Real Estate during the first quarter worth approximately $97,000. Finally, Asset Management Corp IL ADV bought a new position in shares of Ares Commercial Real Estate during the third quarter, valued at approximately $112,000. 46.49% of the shares are held by institutional investors.

Ares commercial real estate stock up 4.8%

Shares of NYSE:ACRE opened at $12.90 on Monday. Ares Commercial Real Estate has a 52 week low of $9.99 and a 52 week high of $16.48. The company has a market capitalization of $702.25 million, a P/E ratio of 11.62 and a beta of 1.28. The stock has a 50-day moving average price of $12.08 and a 200-day moving average price of $13.25. The company has a debt ratio of 2.39, a quick ratio of 0.61 and a current ratio of 0.61.

Ares Commercial Real Estate Company Profile

(Get a rating)

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. The company offers a range of financing solutions for owners, operators and sponsors of CRE properties. It issues first mortgage loans, subordinated debt products, mezzanine loans, preferred equity investments in real estate and other CRE investments, including commercial mortgage-backed securities.

See also

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

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Ares Commercial Real Estate, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads… and Ares Commercial Real Estate was not on the list.

While Ares Commercial Real Estate currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.