BTIG analyst Eric Hagen maintained a Buy rating on Ares Commercial (ACRE – Research Report) yesterday and set a price target of $16.50. The company's shares closed last Tuesday at $15.51. According to TipRanks.com, Hagen is a 2-star analyst with an average return of 0.3% and a 55.4% success rate. Hagen covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Broadmark Realty Capital, and Kkr Real Estate Finance. Ares Commercial has an analyst consensus of Moderate Buy, with a price target consensus of $15.83, which is a 0.8% upside from current levels.
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