From MarketBeat:

The average rating of Ares Commercial Real Estate Co. (NYSE:ACRE) is “Hold” by the six research firms. The average twelve-month target price among brokers is $10.42 per share. Several analysts issued reports on ACRE, resulting in a variety of ratings and price targets for the stock.

Institutional investors made significant changes to their holdings of Ares Commercial Real Estate. Hedge funds and other investors have increased their stakes in the company by notable percentages, accompanied by share values.

Shares of Ares Commercial Real Estate are down 2.7%. Monday’s opening price was $10.36. The company has a market capitalization of $560.90 million, with a 172.67 PE ratio and a 1.43 beta. A recent dividend announcement has a quarterly payout of $0.33, representing a dividend yield of 12.74%.

Ares Commercial Real Estate Corporation provides financing solutions for commercial real estate properties in the U.S. It offers a range of CRE loans and related investments, including mortgage loans, debt and equity products, and mezzanine loans. The company has announced an upcoming quarterly dividend payment.

Ares Commercial Real Estate’s rating may be “Hold,” but top-rated analysts are recommending five other stocks for better investment opportunities. As the AI market grows, investors can learn more about the industry and seven AI-focused companies with the potential for high returns.



Read more: Ares Commercial Real Estate Co. (NYSE:ACRE) Given Average Recommendation of “Hold” by Brokerages