Ares Commercial Real Estate (NYSE:ACRE) target price raised to $14.75, reported today by FBR & Co.
- Updated: November 27, 2016
Ares Commercial Real Estate (NYSE:ACRE) had its stock price target increased to $14.75 by FBR & Co. in an issued report announced 11/22/2016. The upped price target suggests a potential upside of 0.09% from the company's previous stock price.
On Wednesday March 02, 2016, JMP Securities released a statement about Ares Commercial Real Estate (NYSE:ACRE) dropped the target price from $13.50 to $12.00 that suggested an upside of 0.19%.
Having a price of $13.58, Ares Commercial Real Estate (NYSE:ACRE) traded 0.82% higher on the day. With the last stock price up 8.14% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. ACRE has recorded a 50-day average of $13.06 and a two hundred day average of $12.54. Trade Volume was down over the average, with 45,022 shares of ACRE changing hands under the typical 160,505
Recent Performance Chart
Ares Commercial Real Estate has PE ratio of 9.38 with a one year low of $8.91 and a one year high of $13.80 and has a market capitalization of $0.
Brief Synopsis About Ares Commercial Real Estate (NYSE:ACRE)
Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking. Its target investments include senior loans, bridge loans, subordinated debt, preferred equity and other CRE investments. The Company is also engaged in the mortgage banking business through its subsidiary, ACRE Capital LLC (ACRE Capital). Its Principal Lending Business includes all business activities of the Company, which represents investments in real estate related loans and securities that are held for investment. In mortgage banking business, the Company directly originates long-term senior loans collateralized by multifamily and senior-living properties, and sells them to third parties pursuant to programs overseen by government agencies and government-sponsored enterprises.
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