Shares of Ares Commercial Real Estate Corp. (NYSE:ACRE) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.54.

A number of research analysts have recently commented on the company. Credit Suisse Group AG reissued a “hold” rating and set a $13.00 price target on shares of Ares Commercial Real Estate Corp. in a report on Monday, August 8th. Keefe, Bruyette & Woods raised their price target on Ares Commercial Real Estate Corp. from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 5th. Citigroup Inc. raised their price target on 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. FBR & Co raised their price target on Ares Commercial Real Estate Corp. from $14.00 to $14.75 and gave the company an “outperform” rating in a report on Tuesday. Finally, Zacks Investment Research raised Ares Commercial Real Estate Corp. from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Thursday, October 13th.

Shares of Ares Commercial Real Estate Corp. (NYSE:ACRE) traded down 1.4110% on Wednesday, reaching $13.4574. 76,642 shares of the company traded hands. The company has a market capitalization of $382.90 million, a PE ratio of 9.3131 and a beta of 0.78. The firm has a 50-day moving average of $12.99 and a 200-day moving average of $12.52. Ares Commercial Real Estate Corp. has a 52-week low of $8.91 and a 52-week high of $13.80.

Ares Commercial Real Estate Corp. (NYSE:ACRE) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. Ares Commercial Real Estate Corp. had a net margin of 54.20% and a return on equity of 6.34%. During the same period last year, the business earned $0.33 EPS. On average, equities research analysts forecast that Ares Commercial Real Estate Corp. will post $1.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be given a $0.26 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 7.62%. Ares Commercial Real Estate Corp.’s dividend payout ratio (DPR) is 71.72%.

In related news, CEO Robert L. Rosen purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The stock was acquired at an average price of $12.35 per share, for a total transaction of $123,500.00. Following the transaction, the chief executive officer now directly owns 50,013 shares of the company’s stock, valued at approximately $617,660.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Caroline Blakely sold 3,200 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $12.46, for a total value of $39,872.00. Following the completion of the transaction, the director now owns 15,069 shares of the company’s stock, valued at approximately $187,759.74. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. increased its stake in shares of Ares Commercial Real Estate Corp. by 125.3% in the second quarter. Panagora Asset Management Inc. now owns 9,593 shares of the company’s stock valued at $118,000 after buying an additional 5,336 shares in the last quarter. Hancock Holding Co. acquired a new stake in shares of Ares Commercial Real Estate Corp. during the third quarter valued at about $132,000. Mackenzie Financial Corp acquired a new stake in shares of Ares Commercial Real Estate Corp. during the second quarter valued at about $133,000. BOKF NA increased its stake in shares of 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. Finally, Citadel Advisors LLC acquired a new stake in shares of Ares Commercial Real Estate Corp. during the third quarter valued at about $139,000. Institutional investors and hedge funds own 68.37% of the company’s stock.

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Ares Commercial Real Estate Corp. Company Profile

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.

5 Day Chart for NYSE:ACRE

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