Ares Commercial Real Estate Corporation (ACRE) Given Average Rating of “Hold” by Analysts

Ares Commercial Real Estate Corporation (ACRE) Given Average Rating of “Hold” by Analysts

Ares Commercial Real Estate Corporation (NYSE:ACRE) has been given an average rating of “Hold” by the eight brokerages that are covering the stock. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $13.46.

Several brokerages have commented on ACRE. Zacks Investment Research downgraded Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, January 4th. Bank of America Corp downgraded Ares Commercial Real Estate Corporation from a “neutral” rating to an “underperform” rating in a research note on Thursday, December 15th. FBR & Co raised their target price on Ares Commercial Real Estate Corporation from $14.00 to $14.75 and gave the stock an “outperform” rating in a research note on Tuesday, November 22nd. Finally, J P Morgan Chase & Co restated a “buy” rating and issued a $14.00 target price on shares of Ares Commercial Real Estate Corporation in a research note on Friday, November 4th.

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of Ares Commercial Real Estate Corporation by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 105,926 shares of the company’s stock worth $1,302,000 after buying an additional 8,706 shares in the last quarter. California Public Employees Retirement System purchased a new position in shares of Ares Commercial Real Estate Corporation during the second quarter worth $322,000. JPMorgan Chase & Co. boosted its position in shares of Ares Commercial Real Estate Corporation by 41.9% in the second quarter. JPMorgan Chase & Co. now owns 19,349 shares of the company’s stock worth $237,000 after buying an additional 5,712 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Ares Commercial Real Estate Corporation by 3.9% in the second quarter. Nationwide Fund Advisors now owns 17,786 shares of the company’s stock worth $219,000 after buying an additional 671 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Ares Commercial Real Estate Corporation by 2.4% in the second quarter. Vanguard Group Inc. now owns 1,055,016 shares of the company’s stock worth $12,966,000 after buying an additional 25,134 shares in the last quarter. 65.44% of the stock is currently owned by institutional investors.

Ares Commercial Real Estate Corporation (NYSE:ACRE) traded down 0.37% on Friday, hitting $13.60. The stock had a trading volume of 16,953 shares. The stock has a market capitalization of $386.96 million, a price-to-earnings ratio of 9.41 and a beta of 0.79. The company has a 50-day moving average price of $13.83 and a 200-day moving average price of $13.08. Ares Commercial Real Estate Corporation has a 1-year low of $8.91 and a 1-year high of $14.39.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last issued its earnings results on Thursday, November 3rd. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by $0.01. Ares Commercial Real Estate Corporation had a return on equity of 6.34% and a net margin of 54.20%. During the same period in the prior year, the company posted $0.33 earnings per share. Equities analysts predict that Ares Commercial Real Estate Corporation will post $1.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 7.62%. Ares Commercial Real Estate Corporation’s dividend payout ratio is 71.72%.

About Ares Commercial Real Estate Corporation

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking.

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