Ares Commercial Real Estate (NYSE:ACRE) PT Lowered to $7.50

Ares Commercial Real Estate (NYSE:ACRE - Get Free Report) had its price objective decreased by stock analysts at Keefe, Bruyette & Woods from $8.00 to $7.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 8.07% from the company's current price.

ACRE has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of Ares Commercial Real Estate from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday. TheStreet downgraded Ares Commercial Real Estate from a "c-" rating to a "d+" rating in a research report on Tuesday, March 5th. Bank of America reiterated an "underperform" rating and set a $7.00 price target (down from $11.00) on shares of Ares Commercial Real Estate in a research report on Monday, March 4th. Finally, UBS Group decreased their price objective on Ares Commercial Real Estate from $10.50 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8.79.

Ares Commercial Real Estate Price Performance

NYSE ACRE traded down $0.30 on Wednesday, hitting $6.94. The company had a trading volume of 1,141,671 shares, compared to its average volume of 724,512. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.43 and a quick ratio of 1.43. The company's fifty day moving average price is $7.88 and its 200-day moving average price is $9.21. The company has a market capitalization of $377.67 million, a PE ratio of -9.60 and a beta of 1.41. Ares Commercial Real Estate has a 12-month low of $6.81 and a 12-month high of $11.24.

Insider Buying and Selling

In related news, CEO Bryan Patrick Donohoe sold 18,868 shares of the business's stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $10.32, for a total value of $194,717.76. Following the sale, the chief executive officer now directly owns 197,414 shares in the company, valued at approximately $2,037,312.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Anton Feingold sold 5,890 shares of Ares Commercial Real Estate stock in a transaction on Monday, January 29th. The stock was sold at an average price of $10.37, for a total value of $61,079.30. Following the completion of the sale, the vice president now directly owns 68,975 shares of the company's stock, valued at $715,270.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bryan Patrick Donohoe sold 18,868 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $10.32, for a total value of $194,717.76. Following the transaction, the chief executive officer now directly owns 197,414 shares in the company, valued at approximately $2,037,312.48. The disclosure for this sale can be found here. 1.93% of the stock is owned by company insiders.

Institutional Trading of Ares Commercial Real Estate

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Ares Commercial Real Estate by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 2,748,768 shares of the real estate investment trust's stock valued at $28,477,000 after acquiring an additional 116,999 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ares Commercial Real Estate by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 49,285 shares of the real estate investment trust's stock worth $511,000 after purchasing an additional 1,258 shares during the period. GSA Capital Partners LLP acquired a new stake in Ares Commercial Real Estate in the 4th quarter valued at about $440,000. Mango Five Family Inc. purchased a new position in shares of Ares Commercial Real Estate in the 4th quarter valued at about $62,000. Finally, Barclays PLC grew its position in shares of Ares Commercial Real Estate by 343.8% during the fourth quarter. Barclays PLC now owns 81,275 shares of the real estate investment trust's stock worth $842,000 after buying an additional 62,963 shares in the last quarter. 41.34% of the stock is currently owned by hedge funds and other institutional investors.

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.