Ares Commercial Real Estate Co. (NYSE:ACRE) Given Consensus Rating of “Hold” by Brokerages

Ares Commercial Real Estate Co. (NYSE:ACREGet Rating) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $12.08.

A number of research analysts have recently commented on the stock. BTIG Research downgraded shares of Ares Commercial Real Estate from a “buy” rating to a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price target on shares of Ares Commercial Real Estate from $12.50 to $10.00 and set a “market perform” rating for the company in a report on Thursday, April 13th. JPMorgan Chase & Co. reduced their target price on shares of Ares Commercial Real Estate from $11.00 to $9.00 in a research note on Monday. Finally, StockNews.com assumed coverage on shares of Ares Commercial Real Estate in a research note on Thursday, March 16th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Ares Commercial Real Estate

A number of institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC boosted its stake in Ares Commercial Real Estate by 23.2% during the 1st quarter. Penserra Capital Management LLC now owns 34,444 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 6,496 shares during the last quarter. Ahrens Investment Partners LLC bought a new stake in shares of Ares Commercial Real Estate in the 1st quarter worth approximately $28,000. Claybrook Capital LLC raised its holdings in shares of Ares Commercial Real Estate by 41.5% in the 1st quarter. Claybrook Capital LLC now owns 97,253 shares of the real estate investment trust’s stock worth $884,000 after purchasing an additional 28,505 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Ares Commercial Real Estate by 26.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 95,717 shares of the real estate investment trust’s stock valued at $870,000 after acquiring an additional 19,847 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Ares Commercial Real Estate by 17.2% during the 4th quarter. Alliancebernstein L.P. now owns 43,700 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 6,400 shares during the period. 46.63% of the stock is owned by institutional investors.

Ares Commercial Real Estate Stock Down 5.4 %

Shares of NYSE ACRE opened at $8.17 on Wednesday. Ares Commercial Real Estate has a 1 year low of $8.12 and a 1 year high of $15.70. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $446.16 million, a price-to-earnings ratio of 13.62 and a beta of 1.38. The business has a 50-day moving average of $9.79 and a two-hundred day moving average of $10.95.

Ares Commercial Real Estate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 18th. Investors of record on Friday, March 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 17.14%. The ex-dividend date of this dividend was Thursday, March 30th. Ares Commercial Real Estate’s dividend payout ratio is 220.00%.

About Ares Commercial Real Estate

(Get Rating)

Ares Commercial Real Estate Corp. engages in originating and investing in commercial real estate loans and related investments. The company was founded in September 2011 and is headquartered in New York, NY.

Further Reading

Analyst Recommendations for Ares Commercial Real Estate (NYSE:ACRE)

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