BidaskClub lowered shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) from a hold rating to a sell rating in a research report report published on Thursday.

Several other brokerages have also commented on ACRE. JMP Securities boosted their price target on shares of Ares Commercial Real Estate Corporation to $14.00 and gave the stock a market outperform rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Ares Commercial Real Estate Corporation from a buy rating to a hold rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods reissued a hold rating and issued a $13.75 price target on shares of Ares Commercial Real Estate Corporation in a report on Friday, June 9th. Finally, Credit Suisse Group reissued a hold rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $14.45.

Ares Commercial Real Estate Corporation (ACRE) opened at 13.00 on Thursday. Ares Commercial Real Estate Corporation has a 12 month low of $12.24 and a 12 month high of $14.39. The company has a market cap of $371.24 million, a price-to-earnings ratio of 9.33 and a beta of 0.68. The company’s 50 day moving average is $13.13 and its 200-day moving average is $13.25.

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 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.85 million. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, analysts expect that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date of this dividend is Thursday, September 28th. Ares Commercial Real Estate Corporation’s payout ratio is 77.14%.

Institutional investors have recently added to or reduced their stakes in the company. Edge Wealth Management LLC grew its holdings in shares of Ares Commercial Real Estate Corporation by 900.0% during the second quarter. Edge Wealth Management LLC now owns 10,000 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 9,000 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Ares Commercial Real Estate Corporation by 1.5% during the first quarter. Tudor Investment Corp ET AL now owns 10,705 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 158 shares in the last quarter. Hancock Holding Co. grew its holdings in shares of Ares Commercial Real Estate Corporation by 26.0% during the first quarter. Hancock Holding Co. now owns 13,162 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 2,713 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in shares of Ares Commercial Real Estate Corporation by 5.4% during the first quarter. ClariVest Asset Management LLC now owns 15,494 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 791 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Ares Commercial Real Estate Corporation by 32.1% during 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 in the last quarter. 65.15% of the stock is owned by institutional investors and hedge funds.

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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