A number of firms have modified their ratings and price targets on shares of Ares Commercial Real Estate Corporation (NYSE: ACRE) recently:

  • 8/8/2017 – Ares Commercial Real Estate Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/8/2017 – Ares Commercial Real Estate Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ares Commercial Real Estate Corporation is a specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate investments. The Company’s financing solutions are comprised of its target investments, which include the following: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Other CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation is based in Chicago, Illinois. “
  • 8/7/2017 – Ares Commercial Real Estate Corporation had its price target raised by analysts at JMP Securities to $14.00. They now have a “market outperform” rating on the stock.
  • 8/4/2017 – Ares Commercial Real Estate Corporation had its “hold” rating reaffirmed by analysts at Credit Suisse Group.
  • 7/31/2017 – Ares Commercial Real Estate Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – Ares Commercial Real Estate Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Ares Commercial Real Estate Corporation is a specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate investments. The Company’s financing solutions are comprised of its target investments, which include the following: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Other CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation is based in Chicago, Illinois. “

Shares of Ares Commercial Real Estate Corporation (ACRE) opened at 13.29 on Thursday. The firm has a market cap of $378.35 million, a price-to-earnings ratio of 9.08 and a beta of 0.69. Ares Commercial Real Estate Corporation has a 52 week low of $12.13 and a 52 week high of $14.39. The firm has a 50 day moving average of $13.10 and a 200 day moving average of $13.31.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date of this dividend is Thursday, September 28th. Ares Commercial Real Estate Corporation’s dividend payout ratio (DPR) is 77.14%.

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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