Ares Commercial Real Estate (ACRE) Stock Rating Reaffirmed by B. Riley

B. Riley reiterated their buy rating on shares of Ares Commercial Real Estate (NYSE:ACRE) in a report issued on Tuesday, January 9th. B. Riley currently has a $14.00 price objective on the real estate investment trust’s stock. B. Riley also issued estimates for Ares Commercial Real Estate’s Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $1.07 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.30 EPS, FY2018 earnings at $1.21 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.25 EPS.

Several other research firms also recently commented on ACRE. Zacks Investment Research upgraded Ares Commercial Real Estate from a sell rating to a hold rating in a report on Thursday, September 21st. BidaskClub upgraded Ares Commercial Real Estate from a sell rating to a hold rating in a report on Saturday, September 23rd. Finally, ValuEngine upgraded Ares Commercial Real Estate from a hold rating to a buy rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $14.13.

Ares Commercial Real Estate (ACRE) traded up $0.06 during midday trading on Tuesday, reaching $12.95. The company’s stock had a trading volume of 275,309 shares, compared to its average volume of 105,734. Ares Commercial Real Estate has a twelve month low of $12.48 and a twelve month high of $14.22. The stock has a market capitalization of $370.24, a P/E ratio of 11.46 and a beta of 0.69.

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. The business had revenue of $28.55 million for the quarter, compared to the consensus estimate of $11.71 million. Ares Commercial Real Estate had a return on equity of 7.76% and a net margin of 33.69%. During the same quarter last year, the business posted $0.31 earnings per share. research analysts expect that Ares Commercial Real Estate will post 1.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.27 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.08 annualized dividend and a dividend yield of 8.34%. Ares Commercial Real Estate’s payout ratio is presently 95.58%.

Several hedge funds and other institutional investors have recently bought and sold shares of ACRE. Marshall Wace North America L.P. bought a new stake in shares of Ares Commercial Real Estate in the second quarter worth about $401,000. Neuberger Berman Group LLC grew its stake in shares of Ares Commercial Real Estate by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 423,005 shares of the real estate investment trust’s stock worth $5,537,000 after purchasing an additional 1,275 shares during the last quarter. LSV Asset Management grew its stake in shares of Ares Commercial Real Estate by 4.4% in the second quarter. LSV Asset Management now owns 122,900 shares of the real estate investment trust’s stock worth $1,608,000 after purchasing an additional 5,200 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in shares of Ares Commercial Real Estate by 113.2% in the second quarter. Kennedy Capital Management Inc. now owns 170,749 shares of the real estate investment trust’s stock worth $2,235,000 after purchasing an additional 90,644 shares during the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of Ares Commercial Real Estate by 5.3% in the second quarter. Nationwide Fund Advisors now owns 16,686 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 839 shares during the last quarter. 63.19% of the stock is currently owned by institutional investors.

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About Ares Commercial Real Estate

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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