UBS Group Issues Pessimistic Forecast for Ares Commercial Real Estate (NYSE:ACRE) Stock Price

Ares Commercial Real Estate (NYSE:ACRE) had its price target dropped by investment analysts at UBS Group from $5.25 to $3.75 in a report issued on Wednesday, MarketBeat.com reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price objective indicates a potential upside of 3.73% from the stock’s previous close.

ACRE has been the subject of a number of other reports. Keefe, Bruyette & Woods decreased their price target on Ares Commercial Real Estate from $5.50 to $4.50 and set a “market perform” rating for the company in a research note on Monday, April 7th. StockNews.com raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.19.

Ares Commercial Real Estate Price Performance

ACRE stock opened at $3.62 on Wednesday. The stock has a market cap of $198.31 million, a PE ratio of -5.56 and a beta of 1.22. Ares Commercial Real Estate has a 12 month low of $3.35 and a 12 month high of $7.99. The company has a 50-day moving average price of $4.59 and a 200 day moving average price of $5.81. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.17.

Insider Buying and Selling

In other news, VP Anton Feingold sold 7,615 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $5.68, for a total value of $43,253.20. Following the completion of the sale, the vice president now owns 78,360 shares of the company’s stock, valued at $445,084.80. This trade represents a 8.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ares Commercial Real Estate

Several institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC increased its stake in Ares Commercial Real Estate by 139.7% during the 4th quarter. Summit Securities Group LLC now owns 6,700 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 3,905 shares in the last quarter. FMR LLC increased its holdings in shares of Ares Commercial Real Estate by 211.0% in the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,252 shares during the period. McIlrath & Eck LLC purchased a new position in shares of Ares Commercial Real Estate in the fourth quarter worth about $54,000. Brown Brothers Harriman & Co. purchased a new stake in Ares Commercial Real Estate in the fourth quarter valued at approximately $69,000. Finally, BNP Paribas Financial Markets increased its holdings in Ares Commercial Real Estate by 17.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,733 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 1,711 shares during the period. Institutional investors and hedge funds 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.