7 brokerages assign "Reduce" rating to Ares Commercial Real Estate Co., targeting $7.20/share.
Ares Commercial Real Estate Co. (ACRE) has been assigned a consensus rating of "Reduce" by seven brokerages, with two recommending a sell and five a hold, and an average 12-month price target of $7.20. The company has a market cap of $370.65 million and a P/E ratio of -8.19. Recently, some institutional investors increased their stakes. ACRE offers various financing solutions for U.S. commercial real estate, including senior mortgage loans and mezzanine financing.
October 02, 2024
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