Ares Commercial Real Estate Corporation (ACRE) Given Media Sentiment Score of 0.07
News stories about Ares Commercial Real Estate Corporation (NYSE:ACRE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Commercial Real Estate Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.8874019812649 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- WCA Waste Corp. to expand HQ space with lease deal (chron.com)
- Ares Commercial Real Estate Corporation (ACRE) Ex-Dividend Date Scheduled for September 28, 2017 – Nasdaq (nasdaq.com)
- Ares Commercial Real Estate Corporation (ACRE) & Ladder Capital Corp (LADR) Head to Head Comparison (americanbankingnews.com)
- Ares Commercial Real Estate Corporation (ACRE) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Head-To-Head Comparison: Cherry Hill Mortgage Investment Corporation (CHMI) vs. Ares Commercial Real Estate Corporation (ACRE) (americanbankingnews.com)
Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) traded down 0.22% on Friday, reaching $13.31. 89,403 shares of the company’s stock traded hands. The stock has a 50-day moving average of $13.15 and a 200 day moving average of $13.24. The firm has a market cap of $380.09 million, a P/E ratio of 9.55 and a beta of 0.68. Ares Commercial Real Estate Corporation has a 12-month low of $12.24 and a 12-month high of $14.39.
Ares Commercial Real Estate Corporation (NYSE:ACRE) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.24. The firm 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 business’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. On average, equities research analysts expect that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders 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 8.11%. The ex-dividend date of this dividend is Thursday, September 28th. Ares Commercial Real Estate Corporation’s dividend payout ratio is currently 77.14%.
Several research analysts have commented on ACRE shares. Zacks Investment Research upgraded shares of Ares Commercial Real Estate Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, July 26th. BidaskClub upgraded shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.75 price objective on shares of Ares Commercial Real Estate Corporation in a report on Friday, June 9th. Credit Suisse Group restated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th. Finally, JMP Securities upped their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.45.
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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.
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