Credit Suisse Group Lowers Ares Commercial Real Estate (NYSE:ACRE) Price Target to $14.50

Ares Commercial Real Estate (NYSE:ACRE – Get Rating) had its price objective dropped by analysts at Credit Suisse Group to $14.50 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. Credit Suisse Group’s price target would suggest a potential upside of 11.97% from the company’s previous close.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. increased their price objective on Ares Commercial Real Estate from $14.50 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, April 25th. StockNews.com began coverage on Ares Commercial Real Estate in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, JMP Securities reaffirmed a “buy” rating and set a $16.50 price target on shares of Ares Commercial Real Estate in a research report on Tuesday, May 24th.

Ares Commercial Real Estate Stock Performance

Shares of Ares Commercial Real Estate stock opened at $12.95 on Friday. The company has a market cap of $614.35 million, a PE ratio of 9.66 and a beta of 1.23. Ares Commercial Real Estate has a 52 week low of $11.18 and a 52 week high of $16.48. The business has a 50-day moving average price of $13.25 and a 200-day moving average price of $14.38. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 2.57.

Ares Commercial Real Estate (NYSE:ACRE – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Ares Commercial Real Estate had a return on equity of 9.74% and a net margin of 58.09%. During the same period in the previous year, the company earned $0.38 earnings per share. Equities analysts anticipate that Ares Commercial Real Estate will post 1.38 earnings per share for the current fiscal year.

Institutional Trading of Ares Commercial Real Estate

Large investors have recently bought and sold shares of the company. Samalin Investment Counsel LLC purchased a new stake in Ares Commercial Real Estate in the first quarter worth $50,000. Selective Wealth Management Inc. purchased a new stake in Ares Commercial Real Estate in the first quarter worth $53,000. Amalgamated Bank purchased a new stake in Ares Commercial Real Estate in the first quarter worth $82,000. Worth Asset Management LLC purchased a new stake in Ares Commercial Real Estate in the first quarter worth $97,000. Finally, Bank of Nova Scotia purchased a new stake in Ares Commercial Real Estate in the first quarter worth $180,000. 46.66% of the stock is owned by hedge funds and other institutional investors.

Ares Commercial Real Estate Company Profile

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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. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities.

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