Ares Commercial Real Estate (NYSE:ACRE) Given New $4.80 Price Target at Keefe, Bruyette & Woods

Ares Commercial Real Estate (NYSE:ACRE - Get Free Report) had its price objective upped by stock analysts at Keefe, Bruyette & Woods from $4.50 to $4.80 in a report issued on Thursday,Benzinga reports. The firm presently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 1.37% from the company's current price.

Several other equities analysts also recently weighed in on the company. UBS Group boosted their target price on Ares Commercial Real Estate from $3.75 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. JMP Securities reissued a "market perform" rating on shares of Ares Commercial Real Estate in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.58.

Ares Commercial Real Estate Stock Performance

Shares of ACRE traded down $0.11 during mid-day trading on Thursday, hitting $4.74. 339,438 shares of the stock were exchanged, compared to its average volume of 552,553. The company has a market cap of $260.47 million, a PE ratio of -18.94, a price-to-earnings-growth ratio of 3.81 and a beta of 1.31. Ares Commercial Real Estate has a 52-week low of $3.35 and a 52-week high of $7.99. The firm has a 50-day moving average of $4.78 and a two-hundred day moving average of $4.90.

Hedge Funds Weigh In On Ares Commercial Real Estate

Several hedge funds have recently bought and sold shares of ACRE. Victory Capital Management Inc. grew its position in Ares Commercial Real Estate by 37.4% in the 4th quarter. Victory Capital Management Inc. now owns 121,000 shares of the real estate investment trust's stock valued at $713,000 after acquiring an additional 32,907 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Ares Commercial Real Estate in the 4th quarter worth $430,000. Farther Finance Advisors LLC lifted its holdings in shares of Ares Commercial Real Estate by 472.0% in the 4th 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. CFO4Life Group LLC lifted its holdings in shares of Ares Commercial Real Estate by 21.4% in the 4th quarter. CFO4Life Group LLC now owns 17,000 shares of the real estate investment trust's stock worth $100,000 after buying an additional 3,000 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Ares Commercial Real Estate by 421.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 73,551 shares of the real estate investment trust's stock worth $433,000 after buying an additional 59,445 shares during the period. 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.