Ares Commercial Real Estate (NYSE:ACRE) Stock Rating Lowered by Wells Fargo & Company

Ares Commercial Real Estate (NYSE:ACRE) was downgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a note issued to investors on Friday, FinViz reports. They currently have a $7.00 target price on the real estate investment trust’s stock, down from their prior target price of $7.50. Wells Fargo & Company‘s price target would suggest a potential downside of 10.37% from the stock’s previous close.

A number of other equities research analysts have also issued reports on ACRE. StockNews.com lowered shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. BTIG Research reaffirmed a “neutral” rating on shares of Ares Commercial Real Estate in a research report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.20.

Ares Commercial Real Estate Trading Up 2.0 %

Shares of ACRE opened at $7.81 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.32. Ares Commercial Real Estate has a 12-month low of $6.36 and a 12-month high of $11.24. The firm has a 50-day moving average price of $7.22 and a 200 day moving average price of $7.10. The firm has a market capitalization of $425.70 million, a P/E ratio of -9.41 and a beta of 1.45.

Institutional Trading of Ares Commercial Real Estate

A number of large investors have recently made changes to their positions in ACRE. Ameritas Advisory Services LLC purchased a new stake in shares of Ares Commercial Real Estate during the second quarter worth approximately $68,000. XTX Topco Ltd purchased a new stake in shares of Ares Commercial Real Estate during the second quarter worth approximately $82,000. EntryPoint Capital LLC purchased a new stake in shares of Ares Commercial Real Estate during the first quarter worth approximately $84,000. Quest Partners LLC increased its stake in Ares Commercial Real Estate by 1,329,500.0% in the second quarter. Quest Partners LLC now owns 13,296 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 13,295 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Ares Commercial Real Estate in the first quarter valued at approximately $108,000. 41.34% of the stock is currently owned by hedge funds and other institutional investors.

Ares Commercial Real Estate Company Profile

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.