Ares Commercial Real Estate (NYSE:ACRE) Receives Sell (D) Rating from Weiss Ratings

Key Points

• Ares Commercial Real Estate (NYSE: ACRE) received a sell (D) rating from Weiss Ratings, with other firms also downgrading their ratings and target prices for the stock.
• The current consensus rating for ACRE is "Reduce" with a price target of $4.75, as confirmed by multiple research analysts.
• Despite recent downgrades, institutional investors own 41.34% of Ares Commercial Real Estate's stock, indicating ongoing interest from hedge funds.

Ares Commercial Real Estate (NYSE:ACRE - Get Free Report)'s stock had its "sell (d)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently weighed in on ACRE. Wall Street Zen cut shares of Ares Commercial Real Estate from a "hold" rating to a "strong sell" rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Ares Commercial Real Estate to a "hold" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods cut their target price on shares of Ares Commercial Real Estate from $4.80 to $4.25 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Finally, UBS Group cut their target price on shares of Ares Commercial Real Estate from $5.00 to $4.50 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ares Commercial Real Estate currently has a consensus rating of "Reduce" and a consensus price target of $4.75.

Ares Commercial Real Estate Stock Performance

Shares of ACRE traded down $0.04 during mid-day trading on Wednesday, hitting $4.55. 82,995 shares of the company traded hands, compared to its average volume of 533,646. The stock has a 50-day moving average price of $4.63 and a two-hundred day moving average price of $4.54. Ares Commercial Real Estate has a 1 year low of $3.35 and a 1 year high of $7.49. The stock has a market cap of $250.02 million, a price-to-earnings ratio of -13.37 and a beta of 1.32.

Institutional Investors Weigh In On Ares Commercial Real Estate

A number of hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in Ares Commercial Real Estate by 2.7% during the 1st quarter. Victory Capital Management Inc. now owns 124,250 shares of the real estate investment trust's stock worth $575,000 after purchasing an additional 3,250 shares during the last quarter. CWM LLC boosted its stake in Ares Commercial Real Estate by 94.3% during the 2nd quarter. CWM LLC now owns 6,997 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 3,396 shares during the last quarter. Voya Investment Management LLC boosted its stake in Ares Commercial Real Estate by 21.8% during the 1st quarter. Voya Investment Management LLC now owns 24,105 shares of the real estate investment trust's stock worth $112,000 after purchasing an additional 4,309 shares during the last quarter. Rhumbline Advisers boosted its stake in Ares Commercial Real Estate by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 83,886 shares of the real estate investment trust's stock worth $400,000 after purchasing an additional 5,107 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Ares Commercial Real Estate by 18.0% during the 1st quarter. Private Advisor Group LLC now owns 34,472 shares of the real estate investment trust's stock worth $160,000 after acquiring an additional 5,267 shares during the period. Hedge funds and other institutional investors 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.

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