Brokerages Set Ares Commercial Real Estate Co. (NYSE:ACRE) PT at $5.19

Shares of Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) have earned a consensus rating of "Reduce" from the six ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.19.

A number of brokerages recently issued reports on ACRE. UBS Group decreased their target price on Ares Commercial Real Estate from $5.25 to $3.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their price objective on Ares Commercial Real Estate from $5.50 to $4.50 and set a "market perform" rating for the company in a research report on Monday, April 7th. JMP Securities reaffirmed a "market perform" rating on shares of Ares Commercial Real Estate in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Ares Commercial Real Estate from $6.00 to $5.50 and set a "neutral" rating for the company in a research report on Thursday, February 13th.

Ares Commercial Real Estate Stock Performance

Shares of NYSE ACRE traded down $0.11 during trading hours on Thursday, reaching $4.79. The stock had a trading volume of 266,630 shares, compared to its average volume of 567,990. The firm has a market cap of $263.47 million, a price-to-earnings ratio of -7.37 and a beta of 1.27. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.17. Ares Commercial Real Estate has a fifty-two week low of $3.35 and a fifty-two week high of $7.99. The firm has a 50-day moving average of $4.30 and a 200-day moving average of $5.44.

Ares Commercial Real Estate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 12.53%. Ares Commercial Real Estate's payout ratio is -240.00%.

Institutional Trading of Ares Commercial Real Estate

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Ares Commercial Real Estate by 279.8% during the 3rd quarter. Barclays PLC now owns 69,821 shares of the real estate investment trust's stock worth $489,000 after buying an additional 51,435 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ares Commercial Real Estate by 187.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 415,332 shares of the real estate investment trust's stock worth $2,907,000 after buying an additional 270,791 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Ares Commercial Real Estate by 19.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 37,339 shares of the real estate investment trust's stock worth $229,000 after buying an additional 6,072 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Ares Commercial Real Estate by 17.8% during the 4th quarter. Inspire Investing LLC now owns 68,543 shares of the real estate investment trust's stock worth $404,000 after buying an additional 10,362 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Ares Commercial Real Estate by 19.5% during the 4th quarter. Van ECK Associates Corp now owns 591,036 shares of the real estate investment trust's stock worth $3,481,000 after buying an additional 96,551 shares in the last quarter. 41.34% of the stock is owned by institutional investors and hedge funds.

About Ares Commercial Real Estate

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.