Ares Commercial Real Estate (NYSE:ACRE) Upgraded by Keefe, Bruyette & Woods to Outperform

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Ares Commercial Real Estate stock has undergone multiple analysts rating changes in the recent past.  Ares Commercial Real Estate Upgraded by Keefe, Bruyette & Woods on 6/29/2020. In a note to investors, the firm issued a new rating of Outperform. The analysts previously had rating of Market Perform.

Shares of Ares Commercial Real Estate traded up $0.17 on Monday, reaching $8.98. 0 shares of the stock traded hands, compared to its average volume of 626060. Shares of Ares Commercial Real Estate end of the day on Monday at $8.98. The firm’s 50 day moving average is $8.06 and its 200 day moving average is $12.70.Ares Commercial Real Estate  has a 12 month low of $8.60 and a 12 month high of $17.72. While on yearly highs and lows, Ares Commercial Real Estate’s today has traded high as $9.04 and has touched $8.60 on the downward trend. See More Analyst Rating at: RATING

Ares Commercial Real Estate Earnings and What to expect: 

Earnings for Ares Commercial Real Estate are expected to grow by 6.84% in the coming year, from $1.17 to $1.25 per share. The P/E ratio of Ares Commercial Real Estate is 20.41, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.16. The P/E ratio of Ares Commercial Real Estate is 20.41, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.02. Ares Commercial Real Estate has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 2.19%
  • On 3/12/2020 VP Anton Feingold Buy 1,000 at average share price of $11.74 which equates to $11,740.00 in money value.
  • On 3/12/2020 Director Michael J Arougheti Buy 20,000 at average price of  $11.50 with total value of : Not Data Available
  • On 2/21/2020 Director James Alan Henderson Sell 25,000 at average price of  $17.41 with total value of : $435,250.00

Analyst at Keefe, Bruyette & Woods are also talking about :

  • 6/15/2020 – Ares Commercial Real Estate was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “strong-buy” rating. They now have a $10.00 price target on the stock.
  • 5/21/2020 – Ares Commercial Real Estate was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 4/27/2020 – Ares Commercial Real Estate had its price target lowered by analysts at Credit Suisse Group AG from $17.50 to $9.00. They now have an “outperform” rating on the stock.
  • 4/22/2020 – Ares Commercial Real Estate had its price target lowered by analysts at JMP Securities from $16.00 to $10.00. They now have a “market outperform” rating on the stock.

Ares Commercial Real Estate (NYSE:ACRE) Moving Average Technical Analysis

5 day Moving Average is $9.15 And 5 day price change is -$0.13 (-1.43%)  with average volume for 5 day average is 651,700. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $9.29 and 20 day price change is $0.96 (11.97%) and average 20 day moving volume is 674,680. 50 day moving average is $8.06  and 50 day price change is $1.62 ( 22.01%)  and with average volume for 50 days is : 643,558. 200 day moving average is $12.70  and 200 day price change is -$6.66 (-42.58%)  and with average volume for 200 days is : 497,637.

See More Analyst Rating at: RATING