Exclusive: After Achieving 52-Week High, Is Ares Commercial Real Estate Corp’s Near-Term Analysis Positive?

Exclusive: After Achieving 52 Week High, Is Ares Commercial Real Estate Corp's Near Term Analysis Positive?

The stock of Ares Commercial Real Estate Corp (NYSE:ACRE) hit a new 52-week high and has $38.27 target or 181.00% above today’s $13.62 share price. The 5 months bullish chart indicates low risk for the $394.65M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $38.27 price target is reached, the company will be worth $714.32 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 57,003 shares traded hands. Ares Commercial Real Estate Corp (NYSE:ACRE) has risen 17.27% since April 19, 2016 and is uptrending. It has outperformed by 13.41% the S&P500.

Ares Commercial Real Estate Corp (NYSE:ACRE) Ratings Coverage

Out of 4 analysts covering Ares Commercial Real Estate (NYSE:ACRE), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $14 is the highest target while $11.50 is the lowest. The $13 average target is -4.55% below today’s ($13.62) stock price. Ares Commercial Real Estate has been the topic of 6 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 5 by Keefe Bruyette & Woods. The stock of Ares Commercial Real Estate Corp (NYSE:ACRE) has “Buy” rating given on Thursday, August 11 by Citigroup.

According to Zacks Investment Research, “Ares Commercial Real Estate Corporation is a specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate investments. The Company’s financing solutions are comprised of its target investments, which include the following: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Other CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation is based in Chicago, Illinois.”

Insitutional Activity: The institutional sentiment increased to 1.8 in Q2 2016. Its up 0.39, from 1.41 in 2016Q1. The ratio increased, as 10 funds sold all Ares Commercial Real Estate Corp shares owned while 29 reduced positions. 16 funds bought stakes while 39 increased positions. They now own 16.68 million shares or 10.85% less from 18.71 million shares in 2016Q1.
Allianz Asset Mgmt Ag owns 83,110 shares or 0% of their US portfolio. Edge Wealth Mgmt Ltd Com reported 18,493 shares or 0.09% of all its holdings. Tower Cap (Trc) has invested 0% of its portfolio in Ares Commercial Real Estate Corp (NYSE:ACRE). State Board Of Administration Of Florida Retirement last reported 113,957 shares in the company. Alleghany Corporation De holds 0.06% or 125,115 shares in its portfolio. Metropolitan Life has invested 0% of its portfolio in Ares Commercial Real Estate Corp (NYSE:ACRE). Tudor Corporation Et Al owns 10,985 shares or 0% of their US portfolio. Tiaa Cref Investment Management Llc has 150,611 shares for 0% of their US portfolio. Blackrock Institutional Tru Company Na has 558,625 shares for 0% of their US portfolio. Moreover, Geode Capital Limited Company has 0% invested in Ares Commercial Real Estate Corp (NYSE:ACRE) for 218,108 shares. Grantham Mayo Van Otterloo And Lc has 0% invested in the company for 52,421 shares. Hightower Advsrs Lc accumulated 35,215 shares or 0.01% of the stock. Ny State Common Retirement Fund last reported 0% of its portfolio in the stock. Rs Invest Mgmt Ltd Liability last reported 2.06 million shares in the company. Vanguard accumulated 0% or 1.06 million shares.

Insider Transactions: Since August 25, 2016, the stock had 2 insider buys, and 2 sales for $67,863 net activity. $123,499 worth of Ares Commercial Real Estate Corp (NYSE:ACRE) shares were bought by Rosen Robert L. SKINNER JAMES E also bought $25,040 worth of Ares Commercial Real Estate Corp (NYSE:ACRE) shares. $40,804 worth of Ares Commercial Real Estate Corp (NYSE:ACRE) shares were sold by Blakely Caroline.

More recent Ares Commercial Real Estate Corp (NYSE:ACRE) news were published by: Businesswire.com which released: “Ares Commercial Real Estate Corporation Schedules Earnings Release for the …” on October 27, 2016. Also Equitiesfocus.com published the news titled: “Ares Commercial Real Estate Corporation (NYSE:ACRE) 50-day Moving Average At …” on November 19, 2016. Businesswire.com‘s news article titled: “Ares Commercial Real Estate Corporation Reports Second Quarter 2016 Results” with publication date: August 04, 2016 was also an interesting one.

ACRE Company Profile

Ares Commercial Real Estate Corporation, incorporated on September 1, 2011, is a specialty finance company. The Firm is a Real Estate Investment Trust (REIT), primarily focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. The Firm operates in two divisions: principal lending and mortgage banking. The Company’s target investments include senior loans, bridge loans, subordinated debt, preferred equity and other CRE investments. The Firm is engaged in the mortgage banking business through its subsidiary, ACRE Capital LLC (ACRE Capital). 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 (GSEs), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), the Government National Mortgage Association (Ginnie Mae) and the Federal Housing Administration, a division of the United States Department of Housing and Urban Development (together with Ginnie Mae, HUD).

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