Ares Commercial Real Estate Co. Analyst Ratings and Insider Trading Insights
Ares Commercial Real Estate Co. (NYSE:ACRE) has been making headlines recently as analysts have given the company an average rating of “Reduce.” With one sell rating and six hold ratings, the stock has an average 1-year price target of $8.42.
Several analysts have weighed in on Ares Commercial Real Estate, with JPMorgan Chase & Co. dropping their target price from $8.00 to $7.00 and setting a “neutral” rating. Keefe, Bruyette & Woods also cut their price target from $7.50 to $7.00 and gave a “market perform” rating.
In other news, CEO Bryan Patrick Donohoe recently acquired 3,509 shares of Ares Commercial Real Estate stock, valued at $50,248.88. This purchase was disclosed in a filing with the Securities & Exchange Commission.
Institutional investors have also been active in trading Ares Commercial Real Estate stock, with Van ECK Associates Corp and Clearstead Advisors LLC increasing their stakes in the company.
Ares Commercial Real Estate’s stock currently sits at $6.48, with a 50-day moving average of $6.95 and a 200-day moving average of $8.56. The company recently reported earnings, with a negative EPS of ($0.64) for the quarter.
Additionally, Ares Commercial Real Estate announced a quarterly dividend of $0.25, to be paid on July 16th. This represents a $1.00 dividend on an annualized basis and a yield of 15.44%.
Ares Commercial Real Estate Corporation specializes in financing commercial real estate loans and related investments in the United States. The company offers a range of financing solutions for CRE properties, including senior mortgage loans, mezzanine loans, and commercial mortgage-backed securities.
Overall, Ares Commercial Real Estate has been in the spotlight for its recent analyst ratings, insider trading activity, institutional investor transactions, and financial performance. Investors and analysts will be keeping a close eye on the company as it navigates the real estate market in the coming months.
