KBW Reiterates Their Hold Rating on Ares Commercial

By Carrie Williams

In a report issued on June 7, Jade Rahmani from KBW reiterated a Hold rating on Ares Commercial (NYSE: ACRE), with a price target of $13.75. The company’s shares closed yesterday at $13.29.

According to TipRanks.com, Rahmani is a 4-star analyst with an average return of 10.3% and a 70.9% success rate. Rahmani covers the Financial sector, focusing on stocks such as Starwood Property Trust, Jones Lang Lasalle Inc, and Altisource Residential.

Ares Commercial has an analyst consensus of Moderate Buy, with a price target consensus of $14.17.

Ares Commercial’s market cap is currently $378.5M and has a P/E ratio of 11.95. The company has a book value ratio of 0.9058.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACRE in relation to earlier this year. Last month, Robert L. Rosen, a Director at ACRE bought 10,000 shares for a total of $130,300.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ares Commercial Real Estate Corp. acts as Private Equity Fund. The company was founded in 1997 and Michael J. Arougheti and is headquartered in Atlanta, GA.