Ares Commercial Real Estate Corporation (NYSE:ACRE) Receives Consensus Rating of “Reduce” from Analysts

Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) have earned an average rating of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $5.3750.

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Ares Commercial Real Estate from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Wells Fargo & Company raised their target price on shares of Ares Commercial Real Estate from $4.00 to $5.00 and gave the company an “underweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Finally, Zacks Research lowered shares of Ares Commercial Real Estate from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACRE. Castleview Partners LLC bought a new stake in Ares Commercial Real Estate in the 1st quarter valued at $119,000. Abel Hall LLC boosted its holdings in Ares Commercial Real Estate by 61.1% in the 1st quarter. Abel Hall LLC now owns 51,216 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 19,420 shares during the period. Corient Private Wealth LLC bought a new stake in Ares Commercial Real Estate in the 4th quarter valued at $64,000. Alpine Global Management LLC boosted its holdings in Ares Commercial Real Estate by 27.8% in the 4th quarter. Alpine Global Management LLC now owns 759,110 shares of the real estate investment trust’s stock valued at $3,629,000 after purchasing an additional 165,193 shares during the period. Finally, XTX Topco Ltd bought a new stake in Ares Commercial Real Estate in the 4th quarter valued at $157,000. 41.34% of the stock is currently owned by institutional investors and hedge funds.

Ares Commercial Real Estate Trading Up 0.9%

NYSE:ACRE opened at $5.25 on Thursday. Ares Commercial Real Estate has a 1 year low of $4.05 and a 1 year high of $5.89. The firm’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $5.00. The firm has a market capitalization of $290.42 million, a PE ratio of -262.25 and a beta of 1.18.

Ares Commercial Real Estate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.15 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 11.4%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is presently -3,000.00%.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a publicly traded real estate investment trust (REIT) primarily focused on commercial real estate debt investments. Externally managed by an affiliate of Ares Management Corporation, ACRE seeks to generate attractive risk-adjusted returns through its diversified portfolio of CRE financing strategies. The company specializes in originating, acquiring, financing and managing first mortgages, mezzanine loans, preferred equity and other structured finance products.

Since its inception, Ares Commercial Real Estate has targeted a broad range of property types, including multifamily, office, industrial, retail and hospitality assets.