Wall Street brokerages expect Ares Commercial Real Estate Corporation (NYSE:ACRE) to announce $0.28 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Ares Commercial Real Estate Corporation’s earnings, with estimates ranging from $0.27 to $0.28. Ares Commercial Real Estate Corporation posted earnings per share of $0.31 during the same quarter last year, which indicates a negative year-over-year growth rate of 9.7%. The company is expected to report its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Ares Commercial Real Estate Corporation will report full year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.08. For the next financial year, analysts expect that the business will report earnings of $1.24 per share, with EPS estimates ranging from $1.20 to $1.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Ares Commercial Real Estate Corporation.

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. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The firm had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.85 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. Ares Commercial Real Estate Corporation’s revenue for the quarter was down 1.0% compared to the same quarter last year.

A number of research firms have recently issued reports on ACRE. Credit Suisse Group reissued a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research report on Friday. BidaskClub lowered shares of Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Ares Commercial Real Estate Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.75 price target on shares of Ares Commercial Real Estate Corporation in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.08.

Ares Commercial Real Estate Corporation (ACRE) opened at 13.11 on Monday. The firm has a market cap of $373.23 million, a price-to-earnings ratio of 8.95 and a beta of 0.69. The company’s 50-day moving average is $13.17 and its 200 day moving average is $13.33. Ares Commercial Real Estate Corporation has a 12 month low of $12.13 and a 12 month high of $14.39.

The firm also recently disclosed 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 8.24%. The ex-dividend date is Thursday, September 28th. Ares Commercial Real Estate Corporation’s payout ratio is presently 77.14%.

In other Ares Commercial Real Estate Corporation news, Director Michael J. Arougheti acquired 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average price of $13.16 per share, with a total value of $394,800.00. Following the completion of the transaction, the director now owns 342,498 shares in the company, valued at $4,507,273.68. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert L. Rosen acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average cost of $13.04 per share, for a total transaction of $130,400.00. Following the transaction, the insider now owns 66,002 shares of the company’s stock, valued at approximately $860,666.08. The disclosure for this purchase can be found here. 1.75% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. KAMES CAPITAL plc acquired a new position in shares of Ares Commercial Real Estate Corporation during the second quarter valued at $3,430,000. Clough Capital Partners L P raised its position in shares of Ares Commercial Real Estate Corporation by 75.8% in the first quarter. Clough Capital Partners L P now owns 349,200 shares of the real estate investment trust’s stock valued at $4,672,000 after buying an additional 150,555 shares during the last quarter. Telemus Capital LLC increased its position 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. Nuveen Asset Management LLC increased its position in shares of Ares Commercial Real Estate Corporation by 149.3% in the first quarter. Nuveen Asset Management LLC now owns 196,257 shares of the real estate investment trust’s stock valued at $2,626,000 after buying an additional 117,544 shares during the period. Finally, Thrivent Financial For Lutherans bought a new position in shares of Ares Commercial Real Estate Corporation during the first quarter valued at approximately $1,184,000. 66.87% of the stock is currently owned by hedge funds and other institutional investors.

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About Ares Commercial Real Estate Corporation

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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