JMP Securities restated their outperform rating on shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) in a research report report published on Thursday. The brokerage currently has a $14.50 price target on the real estate investment trust’s stock, down from their prior price target of $15.00.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut Ares Commercial Real Estate Corporation from a buy rating to a hold rating in a report on Tuesday. BidaskClub raised Ares Commercial Real Estate Corporation from a sell rating to a hold rating in a report on Tuesday. Credit Suisse Group reissued a hold rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $13.75 price objective on shares of Ares Commercial Real Estate Corporation in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Ares Commercial Real Estate Corporation presently has a consensus rating of Hold and a consensus target price of $14.14.

Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) traded down 0.68% during mid-day trading on Thursday, hitting $13.11. 77,500 shares of the company’s stock were exchanged. 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 price of $13.08 and a 200-day moving average price of $13.31. The company has a market capitalization of $374.38 million, a price-to-earnings ratio of 9.41 and a beta of 0.69.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm 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%. Ares Commercial Real Estate Corporation’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. On average, equities analysts anticipate that Ares Commercial Real Estate Corporation will post $1.05 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.24%. Ares Commercial Real Estate Corporation’s payout ratio is presently 77.14%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC boosted its position in shares of Ares Commercial Real Estate Corporation by 32.1% in the second quarter. Citadel Advisors LLC now owns 16,324 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 3,966 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Ares Commercial Real Estate Corporation by 14.9% in the second quarter. Parametric Portfolio Associates LLC now owns 86,671 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 11,239 shares in the last quarter. California Public Employees Retirement System boosted its position in Ares Commercial Real Estate Corporation by 39.7% in the second quarter. California Public Employees Retirement System now owns 67,900 shares of the real estate investment trust’s stock worth $889,000 after buying an additional 19,300 shares in the last quarter. Vanguard Group Inc. boosted its position in Ares Commercial Real Estate Corporation by 4.2% in the second quarter. Vanguard Group Inc. now owns 1,238,404 shares of the real estate investment trust’s stock worth $16,211,000 after buying an additional 49,469 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Ares Commercial Real Estate Corporation by 4.5% in the second quarter. Northern Trust Corp now owns 305,097 shares of the real estate investment trust’s stock worth $3,994,000 after buying an additional 12,999 shares in the last quarter. 66.87% of the stock is owned by institutional investors.

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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