Ares Commercial Real Estate Corporation (ACRE) Given Average Recommendation of “Hold” by Brokerages

Ares Commercial Real Estate Corporation (NYSE:ACRE) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.31.

Several equities analysts have issued reports on ACRE shares. BidaskClub lowered Ares Commercial Real Estate Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods set a $14.00 target price on Ares Commercial Real Estate Corporation and gave the company a “hold” rating in a research note on Thursday, August 17th. JMP Securities reiterated an “outperform” rating and issued a $14.50 target price (down previously from $15.00) on shares of Ares Commercial Real Estate Corporation in a research note on Thursday, August 10th. Zacks Investment Research upgraded Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th.



Several hedge funds have recently modified their holdings of ACRE. KAMES CAPITAL plc acquired a new stake in shares of Ares Commercial Real Estate Corporation during the second quarter worth about $3,430,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Ares Commercial Real Estate Corporation during the second quarter worth about $3,011,000. Clough Capital Partners L P lifted its holdings in shares of Ares Commercial Real Estate Corporation by 75.8% during the first quarter. Clough Capital Partners L P now owns 349,200 shares of the real estate investment trust’s stock worth $4,672,000 after purchasing an additional 150,555 shares during the period. Thrivent Financial For Lutherans lifted its holdings in shares of Ares Commercial Real Estate Corporation by 155.5% during the second quarter. Thrivent Financial For Lutherans now owns 226,060 shares of the real estate investment trust’s stock worth $2,959,000 after purchasing an additional 137,570 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Ares Commercial Real Estate Corporation by 149.3% during the first quarter. Nuveen Asset Management LLC now owns 196,257 shares of the real estate investment trust’s stock worth $2,626,000 after purchasing an additional 117,544 shares during the period. Institutional investors and hedge funds own 65.13% of the company’s stock.

Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) remained flat at $13.49 during mid-day trading on Thursday. 15,608 shares of the stock were exchanged. Ares Commercial Real Estate Corporation has a 12 month low of $12.24 and a 12 month high of $14.39. The company’s 50 day moving average price is $13.30 and its 200 day moving average price is $13.28. The company has a market cap of $385.23 million, a PE ratio of 9.68 and a beta of 0.69.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Ares Commercial Real Estate Corporation had a return on equity of 7.07% and a net margin of 45.06%. The company had revenue of $10.40 million for the quarter, compared to analyst estimates of $10.85 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts predict that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.01%. Ares Commercial Real Estate Corporation’s payout ratio is 77.14%.

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Ares Commercial Real Estate Corporation 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.

Analyst Recommendations for Ares Commercial Real Estate Corporation (NYSE:ACRE)

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