Ares Commercial (ACRE) Gets a Buy Rating from JMP Securities

JMP Securities analyst Steven Delaney reiterated a Buy rating on Ares Commercial (ACREResearch Report) on July 29 and set a price target of $15.00. The company’s shares closed last Friday at $13.70.

According to, Delaney is a 5-star analyst with an average return of 14.4% and a 65.7% success rate. Delaney covers the Financial sector, focusing on stocks such as Claros Mortgage Trust, Inc., Franklin BSP Realty Trust, and Broadmark Realty Capital.

Ares Commercial has an analyst consensus of Moderate Buy, with a price target consensus of $15.00, an 8.5% upside from current levels. In a report issued on July 18, Raymond James also maintained a Buy rating on the stock with a $15.00 price target.

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Based on Ares Commercial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $26.22 million and net profit of $16.2 million. In comparison, last year the company earned revenue of $21.22 million and had a net profit of $15.74 million.

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Ares Commercial Real Estate Corp. engages in originating and investing in commercial real estate loans and related investments. The Company’s investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other commercial real estate investments, including commercial mortgage backed securities, which are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, senior-living, self storage, student housing and other commercial real estate properties, or by ownership interests. Ares Commercial Real Estate was founded in September 2011 and is headquartered in New York, NY.

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