UBS Group Forecasts Strong Price Appreciation for Ares Commercial Real Estate (NYSE:ACRE) Stock

Ares Commercial Real Estate (NYSE:ACRE) had its price target raised by analysts at UBS Group from $4.50 to $5.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target would suggest a potential upside of 2.56% from the company’s current price.

A number of other analysts also recently commented on ACRE. Weiss Ratings restated a “sell (d)” rating on shares of Ares Commercial Real Estate in a research report on Wednesday, October 8th. Wall Street Zen cut Ares Commercial Real Estate from a “hold” rating to a “strong sell” rating in a report on Saturday, August 9th. Zacks Research upgraded Ares Commercial Real Estate to a “hold” rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods lifted their price target on Ares Commercial Real Estate from $4.50 to $4.75 and gave the company a “market perform” rating in a research report on Tuesday. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ares Commercial Real Estate presently has a consensus rating of “Reduce” and an average price target of $5.08.

Ares Commercial Real Estate Stock Up 0.1%

ACRE stock traded up $0.01 during trading on Friday, reaching $4.88. 244,942 shares of the company’s stock were exchanged, compared to its average volume of 518,544. Ares Commercial Real Estate has a 1-year low of $3.35 and a 1-year high of $7.49. The company’s fifty day moving average price is $4.68 and its 200-day moving average price is $4.65. The firm has a market cap of $268.25 million, a PE ratio of -14.34 and a beta of 1.34.

Ares Commercial Real Estate (NYSE:ACRE) last issued its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.17. The business had revenue of $5.63 million for the quarter, compared to analysts’ expectations of $11.35 million. Ares Commercial Real Estate had a negative net margin of 29.57% and a negative return on equity of 5.44%. As a group, sell-side analysts expect that Ares Commercial Real Estate will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ares Commercial Real Estate

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of Ares Commercial Real Estate by 2.7% in the 1st quarter. Victory Capital Management Inc. now owns 124,250 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 3,250 shares during the period. Private Advisor Group LLC increased its stake in Ares Commercial Real Estate by 9.0% in the 3rd quarter. Private Advisor Group LLC now owns 41,019 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 3,371 shares during the period. CWM LLC increased its stake in Ares Commercial Real Estate by 94.3% in the 2nd quarter. CWM LLC now owns 6,997 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 3,396 shares during the period. Voya Investment Management LLC lifted its position in Ares Commercial Real Estate by 21.8% in the 1st quarter. Voya Investment Management LLC now owns 24,105 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 4,309 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Ares Commercial Real Estate by 456.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,033 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 4,948 shares during the period. 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.