Ares Commercial Real Estate Corporation (NYSE:ACRE) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Analysts give Ares Commercial Real Estate a consensus rating of Reduce from six analysts (2 sell, 3 hold, 1 buy), with an average 12‑month price target of about $5.38.
• Shares trade around $5.17 (12‑month range $3.86–$5.89) with a market capitalization near $286 million and 50‑/200‑day moving averages roughly $5.02 and $4.99.
• The firm pays a quarterly $0.15 dividend (annualized $0.60) for a 11.6% yield

Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE - Get Free Report) have received an average rating of "Reduce" from the six analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.3750.

Several equities research analysts have recently weighed in on ACRE shares. Keefe, Bruyette & Woods increased their price objective on Ares Commercial Real Estate from $5.50 to $6.00 and gave the company an "outperform" rating in a research report on Wednesday, February 11th. Zacks Research cut Ares Commercial Real Estate from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Wells Fargo & Company increased their price objective on Ares Commercial Real Estate from $4.00 to $5.00 and gave the company an "underweight" rating in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. reduced 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, April 16th.

Ares Commercial Real Estate Stock Down 3.3%

Shares of Ares Commercial Real Estate stock opened at $5.17 on Thursday. Ares Commercial Real Estate has a 12-month low of $3.86 and a 12-month high of $5.89. The stock has a market capitalization of $285.99 million, a P/E ratio of -258.25 and a beta of 1.20. The stock has a 50 day moving average price of $5.02 and a two-hundred day moving average price of $4.99.

Ares Commercial Real Estate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Ares Commercial Real Estate's dividend payout ratio is currently -3,000.00%.

Institutional Investors Weigh In On Ares Commercial Real Estate

Several hedge funds have recently modified their holdings of the business. Abel Hall LLC boosted its position in shares of Ares Commercial Real Estate by 61.1% in the first quarter. Abel Hall LLC now owns 51,216 shares of the real estate investment trust's stock valued at $246,000 after acquiring an additional 19,420 shares during the period. Corient Private Wealth LLC bought a new position in Ares Commercial Real Estate in the fourth quarter worth $64,000. Alpine Global Management LLC lifted its position in Ares Commercial Real Estate by 27.8% in the fourth quarter. Alpine Global Management LLC now owns 759,110 shares of the real estate investment trust's stock worth $3,629,000 after purchasing an additional 165,193 shares during the period. XTX Topco Ltd bought a new position in Ares Commercial Real Estate in the fourth quarter worth $157,000. Finally, Quadrature Capital Ltd bought a new position in Ares Commercial Real Estate in the fourth quarter worth $67,000. 41.34% of the stock is owned by institutional investors.

About Ares Commercial Real Estate

Ares Commercial Real Estate Corporation NYSE: ACRE is a publicly traded real estate investment trust (REIT) primarily focused on commercial real estate debt investments. Externally managed by an affiliate of Ares Management Corporation, ACRE seeks to generate attractive risk-adjusted returns through its diversified portfolio of CRE financing strategies. The company specializes in originating, acquiring, financing and managing first mortgages, mezzanine loans, preferred equity and other structured finance products.

Since its inception, Ares Commercial Real Estate has targeted a broad range of property types, including multifamily, office, industrial, retail and hospitality assets.

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