Ares Industrial True Estate (NYSE:ACRE – Get Rating) experienced its rate objective diminished by Credit score Suisse Team to $14.50 in a investigate note issued to traders on Friday, Stock Focus on Advisor experiences. Credit history Suisse Group’s price tag aim details to a opportunity upside of 11.97% from the company’s existing value.
ACRE has been the subject of a quantity of other experiences. JMP Securities reiterated a “buy” score and established a $16.50 target rate on shares of Ares Commercial Real Estate in a study report on Tuesday, May 24th. JPMorgan Chase & Co. boosted their rate goal on Ares Industrial Genuine Estate from $14.50 to $16.00 and gave the inventory a “neutral” ranking in a report on Monday, April 25th. Finally, StockNews.com begun coverage on Ares Industrial Actual Estate in a report on Thursday, March 31st. They set a “hold” rating for the company.
Ares Industrial Real Estate Stock Efficiency
NYSE:ACRE opened at $12.95 on Friday. The inventory has a fifty working day relocating common cost of $13.25 and a 200-day relocating average value of $14.38. The corporation has a sector cap of $614.35 million, a selling price-to-earnings ratio of 9.66 and a beta of 1.23. The firm has a debt-to-fairness ratio of 2.57, a swift ratio of .61 and a latest ratio of .61. Ares Professional Serious Estate has a fifty-two week minimal of $11.18 and a fifty-two 7 days high of $16.48.
Ares Commercial Genuine Estate (NYSE:ACRE – Get Ranking) final launched its earnings benefits on Tuesday, May 3rd. The authentic estate expense have confidence in described $.34 earnings for every share for the quarter, lacking analysts’ consensus estimates of $.36 by ($.02). Ares Industrial Actual Estate had a net margin of 58.09% and a return on fairness of 9.74%. All through the similar period of time in the prior yr, the corporation gained $.38 EPS. As a group, equities analysts foresee that Ares Industrial Real Estate will article 1.38 EPS for the existing fiscal 12 months.
Hedge Cash Weigh In On Ares Industrial Genuine Estate
Institutional investors and hedge cash have recently purchased and marketed shares of the firm. Samalin Financial commitment Counsel LLC obtained a new position in Ares Professional Genuine Estate in the 1st quarter value about $50,000. Selective Prosperity Administration Inc. obtained a new placement in Ares Professional Authentic Estate in the 1st quarter worth about $53,000. Amalgamated Lender obtained a new place in Ares Business Real Estate in the 1st quarter really worth about $82,000. Worthy of Asset Management LLC acquired a new position in Ares Business Genuine Estate in the 1st quarter worth about $97,000. Ultimately, Financial institution of Nova Scotia obtained a new placement in Ares Business Authentic Estate in the 1st quarter worth about $180,000. Institutional investors and hedge funds possess 46.66% of the company’s inventory.
About Ares Business True Estate
Ares Industrial Real Estate Corporation, a specialty finance company, originates and invests in commercial true estate (CRE) financial loans and related investments in the United States. The firm gives a selection of funding answers for the entrepreneurs, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt solutions, mezzanine loans, real estate most popular equity investments, and other CRE investments, like industrial mortgage backed securities.
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