Ares Commercial Real Estate (ACRE) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Ares Commercial Real Estate (NYSE:ACRE) from a hold rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $14.00 price objective on the real estate investment trust’s stock.

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. “

Other analysts have also issued research reports about the stock. B. Riley reissued a buy rating and issued a $14.00 price target on shares of Ares Commercial Real Estate in a report on Tuesday, January 9th. ValuEngine raised shares of Ares Commercial Real Estate from a hold rating to a buy rating in a report on Tuesday, November 7th. Finally, BidaskClub lowered shares of Ares Commercial Real Estate from a hold rating to a sell rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $14.13.

Shares of Ares Commercial Real Estate (NYSE:ACRE) opened at $12.54 on Tuesday. The firm has a market cap of $355.66, a P/E ratio of 11.10 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 institutional investors have recently modified their holdings of ACRE. Boston Partners increased its holdings in shares of Ares Commercial Real Estate by 8.6% in the fourth quarter. Boston Partners now owns 2,391,462 shares of the real estate investment trust’s stock valued at $30,850,000 after purchasing an additional 188,716 shares in the last quarter. Delphi Management Inc. MA grew its holdings in Ares Commercial Real Estate by 173.0% during the 4th quarter. Delphi Management Inc. MA now owns 174,426 shares of the real estate investment trust’s stock worth $2,250,000 after acquiring an additional 110,538 shares during the period. Beck Capital Management LLC acquired a new stake in Ares Commercial Real Estate during the 3rd quarter worth $783,000. LSV Asset Management grew its holdings in Ares Commercial Real Estate by 38.4% during the 4th quarter. LSV Asset Management now owns 185,700 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 51,500 shares during the period. Finally, Vanguard Group Inc. grew its holdings 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 acquiring an additional 49,469 shares during the period. 64.37% of the stock is owned by institutional investors and hedge funds.

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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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