Ares Commercial Real Estate Co. (NYSE:ACRE) Receives Consensus Rating of “Reduce” from Analysts

Ares Commercial Real Estate Co. (NYSE:ACRE) has received a consensus rating of “Reduce” from the seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $8.42.

Several brokerages recently weighed in on ACRE. UBS Group decreased their target price on Ares Commercial Real Estate from $10.50 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. TheStreet downgraded shares of Ares Commercial Real Estate from a “c-” rating to a “d+” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. reduced their price target on shares of Ares Commercial Real Estate from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, April 10th. Keefe, Bruyette & Woods decreased their price target on shares of Ares Commercial Real Estate from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Friday, May 10th. Finally, StockNews.com lowered shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research report on Monday, May 27th.

Hedge Funds Weigh In On Ares Commercial Real Estate

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dark Forest Capital Management LP acquired a new stake in shares of Ares Commercial Real Estate during the 3rd quarter worth about $272,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ares Commercial Real Estate in the 3rd quarter worth approximately $250,000. Samalin Investment Counsel LLC grew its position in Ares Commercial Real Estate by 12.6% during the 3rd quarter. Samalin Investment Counsel LLC now owns 25,519 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 2,859 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Ares Commercial Real Estate by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 51,638 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 6,519 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Ares Commercial Real Estate by 21.9% during the 4th quarter. SG Americas Securities LLC now owns 29,395 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 5,286 shares in the last quarter. Institutional investors own 41.34% of the company’s stock.

Ares Commercial Real Estate Trading Down 0.4 %

Shares of ACRE stock opened at $7.18 on Monday. Ares Commercial Real Estate has a 12 month low of $6.36 and a 12 month high of $11.24. The company has a market cap of $391.38 million, a PE ratio of -8.65 and a beta of 1.44. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.29. The business’s 50 day moving average is $6.87 and its two-hundred day moving average is $8.20.

Ares Commercial Real Estate (NYSE:ACRE) last posted its earnings results on Thursday, May 9th. The real estate investment trust reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.34). Ares Commercial Real Estate had a negative net margin of 54.60% and a positive return on equity of 0.84%. The firm had revenue of $18.69 million during the quarter, compared to analyst estimates of $43.77 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Equities analysts predict that Ares Commercial Real Estate will post -2.4 EPS for the current year.

Ares Commercial Real Estate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 13.93%. The ex-dividend date is Friday, June 28th. Ares Commercial Real Estate’s dividend payout ratio is -120.48%.

About Ares Commercial Real Estate

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities.