UBS Group Has Lowered Expectations for Ares Commercial Real Estate (NYSE:ACRE) Stock Price

Ares Commercial Real Estate (NYSE:ACRE) had its target price decreased by equities researchers at UBS Group from $5.00 to $4.50 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price objective points to a potential upside of 0.78% from the stock’s current price.

Several other brokerages also recently commented on ACRE. Keefe, Bruyette & Woods dropped their target price on shares of Ares Commercial Real Estate from $4.80 to $4.25 and set a “market perform” rating on the stock in a report on Wednesday. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.31.

Ares Commercial Real Estate Stock Up 7.9%

ACRE opened at $4.47 on Wednesday. The stock has a fifty day moving average of $4.71 and a 200-day moving average of $4.71. The firm has a market capitalization of $245.62 million, a P/E ratio of -13.13, a PEG ratio of 1.67 and a beta of 1.33. Ares Commercial Real Estate has a 12-month low of $3.35 and a 12-month high of $7.83.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Ares Commercial Real Estate by 505.7% during the 4th quarter. Millennium Management LLC now owns 316,969 shares of the real estate investment trust’s stock worth $1,867,000 after buying an additional 264,641 shares during the period. Cura Wealth Advisors LLC raised its position in shares of Ares Commercial Real Estate by 32.1% during the first quarter. Cura Wealth Advisors LLC now owns 963,485 shares of the real estate investment trust’s stock worth $4,461,000 after purchasing an additional 234,258 shares during the period. Delphi Financial Group Inc. bought a new position in shares of Ares Commercial Real Estate during the 1st quarter valued at about $995,000. Jane Street Group LLC grew its position in shares of Ares Commercial Real Estate by 267.2% in the 4th quarter. Jane Street Group LLC now owns 263,571 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 191,799 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in Ares Commercial Real Estate during the 4th quarter worth approximately $891,000. 41.34% of the stock is currently owned by institutional investors and hedge funds.

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.