Ares Commercial Real Estate (NYSE:ACRE) Price Target Lowered to $3.75 at UBS Group

Ares Commercial Real Estate (NYSE:ACRE) had its price target lowered by equities researchers at UBS Group from $5.25 to $3.75 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price objective would suggest a potential upside of 3.73% from the company’s current price.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price objective on Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Thursday, February 13th. StockNews.com upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods dropped their price target on Ares Commercial Real Estate from $5.50 to $4.50 and set a “market perform” rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Ares Commercial Real Estate presently has a consensus rating of “Hold” and an average target price of $5.19.

Ares Commercial Real Estate Trading Down 1.2 %

ACRE traded down $0.05 during trading on Wednesday, reaching $3.62. The company had a trading volume of 109,771 shares, compared to its average volume of 564,861. The business has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $5.85. The stock has a market cap of $198.31 million, a P/E ratio of -5.53 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17. Ares Commercial Real Estate has a 52 week low of $3.35 and a 52 week high of $7.99.

Insider Activity

In other Ares Commercial Real Estate news, VP Anton Feingold sold 7,615 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $5.68, for a total value of $43,253.20. Following the sale, the vice president now owns 78,360 shares in the company, valued at approximately $445,084.80. This represents a 8.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Ares Commercial Real Estate

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in Ares Commercial Real Estate by 211.0% during the 3rd quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 5,252 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Ares Commercial Real Estate by 17.1% in the third quarter. BNP Paribas Financial Markets now owns 11,733 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 1,711 shares in the last quarter. State Street Corp boosted its position in Ares Commercial Real Estate by 2.3% during the third quarter. State Street Corp now owns 1,052,314 shares of the real estate investment trust’s stock worth $7,627,000 after acquiring an additional 23,845 shares during the last quarter. Jane Street Group LLC grew its stake in Ares Commercial Real Estate by 19.1% during the 3rd quarter. Jane Street Group LLC now owns 71,772 shares of the real estate investment trust’s stock valued at $502,000 after acquiring an additional 11,511 shares in the last quarter. Finally, Barclays PLC lifted its stake in Ares Commercial Real Estate by 279.8% in the 3rd quarter. Barclays PLC now owns 69,821 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 51,435 shares in the last quarter. Hedge funds and other institutional investors own 41.34% of the company’s stock.

About Ares Commercial Real Estate

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.