Ares Commercial Real Estate (NYSE:ACRE) Earns Market Perform Rating from JMP Securities

Ares Commercial Real Estate (NYSE:ACRE)‘s stock had its “market perform” rating restated by stock analysts at JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports.

Several other research analysts have also commented on the company. Keefe, Bruyette & Woods reduced their price target on Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reduced their target price on Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.80.

Ares Commercial Real Estate Stock Down 2.7 %

Shares of ACRE traded down $0.15 during trading hours on Thursday, hitting $5.21. The company had a trading volume of 174,856 shares, compared to its average volume of 563,179. The company has a market capitalization of $283.88 million, a PE ratio of -4.41 and a beta of 1.50. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.38. Ares Commercial Real Estate has a one year low of $5.14 and a one year high of $8.59. The company’s fifty day moving average price is $6.09 and its two-hundred day moving average price is $6.67.

Insider Activity

In other news, VP Anton Feingold sold 7,615 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $5.68, for a total value of $43,253.20. Following the transaction, the vice president now directly owns 78,360 shares of the company’s stock, valued at approximately $445,084.80. This represents a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ACRE. AQR Capital Management LLC purchased a new stake in shares of Ares Commercial Real Estate in the second quarter worth about $122,000. The Manufacturers Life Insurance Company boosted its stake in shares of Ares Commercial Real Estate by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 41,492 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 2,769 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ares Commercial Real Estate in the third quarter worth about $147,000. Inspire Investing LLC boosted its stake in shares of Ares Commercial Real Estate by 8.8% in the third quarter. Inspire Investing LLC now owns 58,181 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 4,714 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Ares Commercial Real Estate by 57.3% in the third quarter. Nisa Investment Advisors LLC now owns 31,267 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 11,388 shares during the last quarter. 41.34% of the stock is owned by institutional investors and hedge funds.

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.