Zacks Investment Research Lowers Ares Commercial Real Estate (ACRE) to Hold

Zacks Investment Research downgraded shares of Ares Commercial Real Estate (NYSE:ACRE) from a buy rating to a hold rating in a research note issued to investors on Monday, February 5th.

According to Zacks, “Ares Commercial Real Estate Corporation is a specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate investments. The Company’s financing solutions are comprised of its target investments, which include the following: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Other CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation is based in Chicago, Illinois. “

Several other equities research analysts have also issued reports on the company. BidaskClub lowered Ares Commercial Real Estate from a sell rating to a strong sell rating in a research note on Tuesday, November 7th. B. Riley reaffirmed a buy rating and issued a $14.00 price objective on shares of Ares Commercial Real Estate in a research note on Tuesday, January 9th. Finally, ValuEngine raised Ares Commercial Real Estate from a hold rating to a buy rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $14.13.

Ares Commercial Real Estate (ACRE) traded up $0.03 during midday trading on Monday, reaching $12.38. The company’s stock had a trading volume of 3,210 shares, compared to its average volume of 139,303. The stock has a market cap of $350.80, a PE ratio of 10.67 and a beta of 0.62. Ares Commercial Real Estate has a fifty-two week low of $11.96 and a fifty-two week high of $14.22.

Several large investors have recently made changes to their positions in ACRE. Nationwide Fund Advisors increased its holdings in shares of Ares Commercial Real Estate by 5.3% in the 2nd quarter. Nationwide Fund Advisors now owns 16,686 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 839 shares during the period. Northern Trust Corp increased its holdings in shares of Ares Commercial Real Estate by 4.5% in the 2nd quarter. Northern Trust Corp now owns 305,097 shares of the real estate investment trust’s stock valued at $3,994,000 after acquiring an additional 12,999 shares during the period. Vanguard Group Inc. grew its stake in Ares Commercial Real Estate by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,238,404 shares of the real estate investment trust’s stock worth $16,211,000 after buying an additional 49,469 shares during the last quarter. California Public Employees Retirement System grew its stake in Ares Commercial Real Estate by 39.7% during the 2nd quarter. California Public Employees Retirement System now owns 67,900 shares of the real estate investment trust’s stock worth $889,000 after buying an additional 19,300 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Ares Commercial Real Estate by 14.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 86,671 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 11,239 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

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Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities.

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