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

Several other equities analysts have also issued reports on ACRE. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $13.75 price target on shares of Ares Commercial Real Estate Corporation in a research note on Friday, June 9th. Zacks Investment Research raised Ares Commercial Real Estate Corporation from a hold rating to a buy rating and set a $15.00 price target on the stock in a research note on Wednesday, July 26th. Credit Suisse Group reaffirmed a hold rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th. Finally, JMP Securities upped 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, August 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Ares Commercial Real Estate Corporation currently has a consensus rating of Hold and an average target price of $14.45.

Shares of Ares Commercial Real Estate Corporation (NYSE 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 firm has a 50-day moving average of $13.13 and a 200 day moving average of $13.25. The company has a market capitalization of $371.24 million, a PE ratio of 9.33 and a beta of 0.68.

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 (EPS) for the quarter, meeting the consensus estimate of $0.24. Ares Commercial Real Estate Corporation had a return on equity of 7.07% and a net margin of 45.06%. The business had revenue of $10.40 million for the quarter, compared to analyst estimates of $10.85 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research 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 business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 8.31%. The ex-dividend date is Thursday, September 28th. Ares Commercial Real Estate Corporation’s payout ratio is 77.14%.

A number of large investors have recently added to or reduced their stakes in ACRE. Edge Wealth Management LLC lifted its stake in Ares Commercial Real Estate Corporation by 900.0% in the second quarter. Edge Wealth Management LLC now owns 10,000 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 9,000 shares during the period. Tudor Investment Corp ET AL lifted its stake in Ares Commercial Real Estate Corporation by 1.5% in the first quarter. Tudor Investment Corp ET AL now owns 10,705 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 158 shares during the period. Hancock Holding Co. lifted its stake in 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. ClariVest Asset Management LLC lifted its stake in Ares Commercial Real Estate Corporation by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 15,494 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 791 shares during the period. Finally, Citadel Advisors LLC lifted its stake in 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 valued at $214,000 after buying an additional 3,966 shares during the period. 65.15% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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