Ares Commercial Real Estate Co. (NYSE:ACRE) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Ares Commercial Real Estate Co. (NYSE:ACRE) have been given a consensus rating of “Reduce” by the seven ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.10.

ACRE has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. StockNews.com upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on Ares Commercial Real Estate from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Company downgraded Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $7.50 to $7.00 in a research report on Friday, September 20th.

Institutional Trading of Ares Commercial Real Estate

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings 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 acquiring an additional 5,252 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Ares Commercial Real Estate in the 2nd quarter valued at $68,000. XTX Topco Ltd bought a new position in Ares Commercial Real Estate during the second quarter worth $82,000. BNP Paribas Financial Markets grew its holdings in 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 purchasing an additional 1,711 shares during the period. Finally, Quest Partners LLC increased its stake in Ares Commercial Real Estate by 1,329,500.0% in the second quarter. Quest Partners LLC now owns 13,296 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 13,295 shares in the last quarter. 41.34% of the stock is currently owned by institutional investors.

Ares Commercial Real Estate Price Performance

Shares of NYSE ACRE opened at $6.39 on Monday. The business has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $7.01. The stock has a market capitalization of $348.52 million, a PE ratio of -5.42 and a beta of 1.48. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.87 and a quick ratio of 0.87. Ares Commercial Real Estate has a fifty-two week low of $6.02 and a fifty-two week high of $11.24.

Ares Commercial Real Estate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 15.65%. The ex-dividend date of this dividend is Tuesday, December 31st. Ares Commercial Real Estate’s payout ratio is presently -84.75%.

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.