Analyst Ratings For Ares Commercial Real Estate Corp (NYSE:ACRE)
Today, Credit Suisse Group raised its price target on Ares Commercial Real Estate Corp (NYSE:ACRE) to $14.50 per share.
There are 3 Hold Ratings, 3 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.
The current consensus rating on Ares Commercial Real Estate Corp (NYSE:ACRE) is Buy with a consensus target price of $14.3750 per share, a potential 0.17% downside.
Some recent analyst ratings include
- 7/23/2018-Ares Commercial Real Estate Corp (NYSE:ACRE) has coverage initiated with a Outperform rating
- 7/23/2018-Ares Commercial Real Estate Corp (NYSE:ACRE) gets downgraded to Neutral by JPMorgan Chase & Co.
- 5/23/2018-Ares Commercial Real Estate Corp (NYSE:ACRE) gets downgraded to Hold by Bank of America with a price target of $14.00
- 1/9/2018-Ares Commercial Real Estate Corp (NYSE:ACRE) had its Buy rating reiterated by B. Riley with a $14.00 price target
Recent Insider Trading Activity For Ares Commercial Real Estate Corp (NYSE:ACRE)
Ares Commercial Real Estate Corp (NYSE:ACRE) has insider ownership of 2.03% and institutional ownership of 67.15%.
- On 3/7/2018 William Stephen Benjamin, Director, bought 12,715 with an average share price of $12.32 per share and the total transaction amounting to $156,648.80.
- On 5/10/2017 Robert L Rosen, Insider, bought 10,000 with an average share price of $13.04 per share and the total transaction amounting to $130,400.00.
- On 5/9/2017 Michael J Arougheti, Director, bought 30,000 with an average share price of $13.16 per share and the total transaction amounting to $394,800.00.
- On 5/8/2017 Michael J Arougheti, Director, bought 19,722 with an average share price of $13.20 per share and the total transaction amounting to $260,330.40.
- On 5/4/2017 James E Skinner, Director, bought 3,860 with an average share price of $12.95 per share and the total transaction amounting to $49,987.00.
- On 3/14/2017 James E Skinner, Director, bought 1,960 with an average share price of $12.78 per share and the total transaction amounting to $25,048.80.
- On 9/14/2016 Robert L Rosen, CEO, bought 10,000 with an average share price of $12.35 per share and the total transaction amounting to $123,500.00.
About Ares Commercial Real Estate Corp (NYSE:ACRE)
Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments. Ares Commercial Real Estate Corporation has elected and qualified to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes under the Internal Revenue Code of 1986. As a REIT, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was founded in 2011 and is headquartered in New York, New York.
Recent Trading Activity for Ares Commercial Real Estate Corp (NYSE:ACRE)
Shares of Ares Commercial Real Estate Corp closed the previous trading session at 14.39 up +0.19 1.34% with 14.24 shares trading hands.