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

B. Riley restated their buy rating on shares of Ares Commercial Real Estate (NYSE:ACRE) in a research note published on Tuesday, January 9th. The firm 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.

A number of other equities analysts have also recently weighed in on ACRE. BidaskClub cut Ares Commercial Real Estate from a sell rating to a strong sell rating in a research note on Tuesday, November 7th. ValuEngine upgraded Ares Commercial Real Estate from a hold rating to a buy rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Ares Commercial Real Estate from a sell rating to a hold rating in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Ares Commercial Real Estate has an average rating of Hold and a consensus target price of $14.13.

Ares Commercial Real Estate (NYSE ACRE) traded down $0.13 during mid-day trading on Tuesday, hitting $12.44. 68,822 shares of the stock were exchanged, compared to its average volume of 130,906. Ares Commercial Real Estate has a twelve month low of $12.44 and a twelve month high of $14.22. The firm has a market capitalization of $362.23 and a P/E ratio of 11.03.

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, topping analysts’ consensus estimates of $0.28 by $0.11. The business had revenue of $28.55 million during the quarter, compared to the consensus estimate of $11.71 million. Ares Commercial Real Estate had a net margin of 33.69% and a return on equity of 7.76%. During the same quarter last year, the company earned $0.31 earnings per share. equities analysts predict that Ares Commercial Real Estate will post 1.09 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors grew its position in 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 valued at $218,000 after acquiring an additional 839 shares during the period. Ares Management LLC lifted its stake in Ares Commercial Real Estate by 3.6% in the second quarter. Ares Management LLC now owns 29,386 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 1,008 shares during the period. Neuberger Berman Group LLC lifted its stake in 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 valued at $5,537,000 after buying an additional 1,275 shares during the period. Royal Bank of Canada increased its holdings in shares of Ares Commercial Real Estate by 3.1% in the second quarter. Royal Bank of Canada now owns 46,452 shares of the real estate investment trust’s stock worth $609,000 after acquiring an additional 1,417 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Ares Commercial Real Estate by 10.8% in the second quarter. The Manufacturers Life Insurance Company now owns 25,473 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 2,491 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors.

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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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