Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.10.

Several brokerages have recently weighed in on ACRE. JMP Securities increased their price target on Ares Commercial Real Estate Corporation to $14.00 and gave the company a “market outperform” rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $13.75 target price on shares of Ares Commercial Real Estate Corporation in a research note on Wednesday, May 3rd. Zacks Investment Research cut Ares Commercial Real Estate Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Credit Suisse Group restated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th.

Ares Commercial Real Estate Corporation (ACRE) opened at 13.35 on Tuesday. The company has a market cap of $380.06 million, a price-to-earnings ratio of 9.12 and a beta of 0.69. The stock’s 50 day moving average is $13.13 and its 200 day moving average is $13.33. Ares Commercial Real Estate Corporation has a 52-week low of $12.13 and a 52-week high of $14.39.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $10.40 million during the quarter, compared to analysts’ expectations of $10.85 million. Ares Commercial Real Estate Corporation had a return on equity of 7.07% and a net margin of 45.06%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, analysts predict that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 8.09%. The ex-dividend date is Thursday, September 28th. Ares Commercial Real Estate Corporation’s payout ratio is 77.14%.

A number of institutional investors have recently bought and sold shares of ACRE. State Street Corp boosted its position in Ares Commercial Real Estate Corporation by 5.4% in the fourth quarter. State Street Corp now owns 670,409 shares of the real estate investment trust’s stock valued at $9,206,000 after buying an additional 34,446 shares during the last quarter. TFS Capital LLC purchased a new stake in shares of Ares Commercial Real Estate Corporation during the first quarter valued at about $227,000. Hancock Holding Co. raised its stake in shares of Ares Commercial Real Estate Corporation by 26.0% in the first quarter. Hancock Holding Co. now owns 13,162 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 2,713 shares during the period. Telemus Capital LLC raised its stake in shares of Ares Commercial Real Estate Corporation by 42.0% in the first quarter. Telemus Capital LLC now owns 402,595 shares of the real estate investment trust’s stock valued at $5,387,000 after buying an additional 119,109 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Ares Commercial Real Estate Corporation during the fourth quarter valued at about $2,713,000. Institutional investors and hedge funds own 66.87% of the company’s stock.

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Ares Commercial Real Estate Corporation 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.

Analyst Recommendations for Ares Commercial Real Estate Corporation (NYSE:ACRE)

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