Ares Commercial Real Estate Corporation (NYSE:ACRE) Latest Broker Coverage
- Author: Zachary Reyes Sep 28, 2016,
Sep 28, 2016, 15:16
Company has been under the radar of several Street Analysts.Investors Real Estate Trust is Downgraded by Robert W. Baird to Neutral while Lowering the Price Target of the company shares to $ 7 from a previous price target of $8. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. TD Securities cut Dream Office Real Estate Investment Trust from an "action list buy" rating to a "buy" rating and cut their price objective for the company from C$25.00 to C$22.00 in a research note on Monday, June 6th. The target price standard deviation of estimates is $0.288.
07/01/2016 - Investors Real Estate Trust had its "hold" rating reiterated by analysts at Wunderlich. When taking a look at the long term growth, analysts have a mean estimate on Pennsylvania Real Estate Investment Trust (NYSE:PEI) of $5.1 over a period of 3 to 5 years.
The share price of the company (LON:RLE) was up +0.00% during the last trading session, with a high of 60.50 during the day and the volume of Real Estate Investors shares traded was 22530. The firm presently has a "sector perform" rating on the real estate investment trust's stock. The stock's market capitalization is 746.20M. Ares Commercial Real Estate Corporation has a 52-week low of 8.91 and a 52-week high of 13.07.
Dream Office Real Estate Investment Trust (TSE:D.UN) declared a monthly dividend on Wednesday, September 28th. The Company is a commercial property owner and manager in the province of Quebec. The Trust's segments include Western Canada, Calgary downtown, Calgary suburban, Toronto downtown, Toronto suburban, Eastern Canada and Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota. As of April 30, 2016, the Company held for investment 99 multifamily properties containing 12,950 apartment units and 47 commercial properties, consisting of healthcare, industrial, office and retail, containing approximately 2.9 million square feet of leasable space.