Wall Street analysts forecast that Ares Commercial Real Estate Corp (NYSE:ACRE) will announce earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ares Commercial Real Estate’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.28. Ares Commercial Real Estate reported earnings of $0.28 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The business is expected to issue its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Ares Commercial Real Estate will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.09 to $1.14. For the next financial year, analysts anticipate that the firm will post earnings of $1.20 per share, with EPS estimates ranging from $1.18 to $1.23. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Ares Commercial Real Estate.

Ares Commercial Real Estate (NYSE:ACRE) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11. Ares Commercial Real Estate had a return on equity of 7.76% and a net margin of 33.69%. The firm had revenue of $28.55 million for the quarter, compared to analyst estimates of $11.71 million. During the same period in the previous year, the company posted $0.31 earnings per share.

Several equities analysts recently issued reports on the company. BidaskClub lowered Ares Commercial Real Estate from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 7th. ValuEngine upgraded Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating and set a $14.00 price target on the stock in a research note on Monday, November 6th. B. Riley reiterated a “buy” rating on shares of Ares Commercial Real Estate in a research note on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods set a $14.00 price objective on Ares Commercial Real Estate and gave the company a “hold” rating in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Ares Commercial Real Estate has a consensus rating of “Hold” and an average price target of $14.17.

Several institutional investors and hedge funds have recently made changes to their positions in ACRE. SG Americas Securities LLC acquired a new position in shares of Ares Commercial Real Estate in the 3rd quarter worth approximately $103,000. Edge Wealth Management LLC lifted its holdings in Ares Commercial Real Estate by 900.0% during the 2nd 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. Cubist Systematic Strategies LLC acquired a new position in Ares Commercial Real Estate during the 3rd quarter worth $140,000. Tudor Investment Corp ET AL lifted its holdings in Ares Commercial Real Estate by 1.5% during the 1st 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. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Ares Commercial Real Estate during the 3rd quarter worth $185,000. 63.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ares Commercial Real Estate (NYSE ACRE) traded down $0.06 on Tuesday, reaching $13.42. The company had a trading volume of 111,376 shares, compared to its average volume of 112,016. Ares Commercial Real Estate has a 1 year low of $12.48 and a 1 year high of $14.39. The company has a market capitalization of $383.68, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.71 and a beta of 0.68.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Thursday, December 28th. Ares Commercial Real Estate’s payout ratio is currently 95.58%.

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Ares Commercial Real Estate 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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