Press coverage about Ares Commercial Real Estate (NYSE:ACRE) has trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ares Commercial Real Estate earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.743646118137 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of equities analysts have weighed in on ACRE shares. B. Riley reaffirmed a “buy” rating on shares of Ares Commercial Real Estate in a research note 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 “sell” rating to a “hold” rating and set a $14.00 price objective for the company in a research report on Monday, November 6th. BidaskClub raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Finally, Keefe, Bruyette & Woods set a $14.00 price objective on shares of Ares Commercial Real Estate and gave the stock a “hold” rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Ares Commercial Real Estate has an average rating of “Hold” and a consensus target price of $14.17.
Ares Commercial Real Estate (ACRE) traded down $0.01 on Monday, reaching $13.41. 76,022 shares of the company were exchanged, compared to its average volume of 111,862. The firm has a market cap of $383.68, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.73 and a beta of 0.69. Ares Commercial Real Estate has a 1-year low of $12.48 and a 1-year high of $14.39.
Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.11. Ares Commercial Real Estate had a net margin of 33.69% and a return on equity of 7.76%. The business had revenue of $28.55 million during the quarter, compared to analyst estimates of $11.71 million. During the same period last year, the business earned $0.31 EPS. sell-side analysts anticipate that Ares Commercial Real Estate will post 1.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.05%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is 94.74%.
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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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