Shares of Ares Commercial Real Estate Corp. (NYSE:ACRE) have been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.17.

Several equities analysts have recently issued reports on ACRE shares. Citigroup Inc. upped their price objective on shares of Ares Commercial Real Estate Corp. from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Bank of America Corp. restated a “buy” rating on shares of Ares Commercial Real Estate Corp. in a report on Thursday, June 30th. FBR & Co restated a “buy” rating on shares of Ares Commercial Real Estate Corp. in a report on Thursday, June 30th. Zacks Investment Research upgraded shares of Ares Commercial Real Estate Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Thursday, October 13th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $13.00 price objective on shares of Ares Commercial Real Estate Corp. in a report on Friday, September 9th.

Ares Commercial Real Estate Corp. (NYSE:ACRE) traded up 1.110% during midday trading on Tuesday, reaching $12.841. 32,411 shares of the company’s stock were exchanged. The firm has a market capitalization of $364.93 million, a price-to-earnings ratio of 11.455 and a beta of 0.81. Ares Commercial Real Estate Corp. has a 52 week low of $8.91 and a 52 week high of $13.07. The firm’s 50 day moving average is $12.59 and its 200 day moving average is $12.23.

Ares Commercial Real Estate Corp. (NYSE:ACRE) last announced its earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The business earned $10.51 million during the quarter, compared to the consensus estimate of $20.10 million. Ares Commercial Real Estate Corp. had a net margin of 40.58% and a return on equity of 6.33%. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. On average, equities analysts anticipate that Ares Commercial Real Estate Corp. will post $1.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were given a $0.26 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.04 dividend on an annualized basis and a yield of 8.19%. Ares Commercial Real Estate Corp.’s dividend payout ratio is currently 92.04%.

In other Ares Commercial Real Estate Corp. news, Director Caroline Blakely sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $12.46, for a total value of $39,872.00. Following the sale, the director now owns 15,069 shares in the company, valued at approximately $187,759.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James E. Skinner acquired 2,000 shares of the stock in a transaction on Thursday, August 25th. The stock was bought at an average price of $12.52 per share, for a total transaction of $25,040.00. Following the transaction, the director now owns 11,936 shares in the company, valued at approximately $149,438.72. The disclosure for this purchase can be found here. 1.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. BOKF NA raised its stake in Ares Commercial Real Estate Corp. by 0.5% in the second quarter. BOKF NA now owns 11,167 shares of the company’s stock valued at $138,000 after buying an additional 58 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Ares Commercial Real Estate Corp. by 1.8% in the second quarter. Suntrust Banks Inc. now owns 14,747 shares of the company’s stock valued at $180,000 after buying an additional 255 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Ares Commercial Real Estate Corp. by 3.9% in the second quarter. Nationwide Fund Advisors now owns 17,786 shares of the company’s stock valued at $219,000 after buying an additional 671 shares during the last quarter. Berson & Corrado Investment Advisors LLC increased its position in shares of Ares Commercial Real Estate Corp. by 1.0% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 81,790 shares of the company’s stock valued at $1,005,000 after buying an additional 770 shares during the last quarter. Finally, National Planning Corp increased its position in shares of Ares Commercial Real Estate Corp. by 7.0% in the first quarter. National Planning Corp now owns 19,495 shares of the company’s stock valued at $226,000 after buying an additional 1,275 shares during the last quarter. Institutional investors and hedge funds own 66.24% of the company’s stock.

About Ares Commercial Real Estate Corp.

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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