B. Riley restated their buy rating on shares of Ares Commercial Real Estate (NYSE:ACRE) in a research report sent to investors on Tuesday, January 9th. The brokerage currently has a $14.00 target price 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 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 company. The company presently has a consensus rating of Hold and a consensus price target 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 announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.11. The firm had revenue of $28.55 million for the quarter, compared to analysts’ expectations 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 period last year, the business posted $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.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Ares Commercial Real Estate in the third quarter valued at $103,000. Atria Investments LLC acquired a new position in Ares Commercial Real Estate in the fourth quarter valued at about $132,000. Cubist Systematic Strategies LLC acquired a new position in Ares Commercial Real Estate in the third quarter valued at about $140,000. Edge Wealth Management LLC lifted its stake in Ares Commercial Real Estate by 40.0% in the fourth quarter. Edge Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 4,000 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Ares Commercial Real Estate in the third quarter valued at about $185,000. Hedge funds and other institutional investors own 63.18% of the company’s stock.
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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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