Media stories about Ares Commercial Real Estate (NYSE:ACRE) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ares Commercial Real Estate earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.2596031963337 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Performance Foods Group coming to Gilroy (gilroydispatch.com)
- 2017 Economic Development Deal of the Year Honorable Mention Awards (businessfacilities.com)
- JDL Castle to develop 13-lot single-family home development off Reynolda Road (journalnow.com)
- McGee talks Lynn finances, schools and waterfront development (itemlive.com)
- Ares Commercial Real Estate (ACRE) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Shares of Ares Commercial Real Estate (NYSE ACRE) opened at $12.65 on Friday. Ares Commercial Real Estate has a 52-week low of $11.96 and a 52-week high of $14.22. The company has a market cap of $358.52, a PE ratio of 11.10 and a beta of 0.62.
Several equities research analysts have recently commented on ACRE shares. B. Riley reaffirmed a “buy” rating on shares of Ares Commercial Real Estate in a research report on Thursday, November 2nd. ValuEngine raised shares of Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Ares Commercial Real Estate from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, January 12th. Finally, BidaskClub lowered shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.13.
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Ares Commercial Real Estate Company Profile
Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities.
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