Ares Commercial Real Estate (ACRE) Projected to Post Earnings on Thursday

Ares Commercial Real Estate (NYSE:ACRE) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Ares Commercial Real Estate to post earnings of $0.06 per share and revenue of $16.83 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Ares Commercial Real Estate Stock Up 0.6 %

Shares of NYSE:ACRE opened at $5.08 on Thursday. Ares Commercial Real Estate has a 1 year low of $4.91 and a 1 year high of $8.39. The business has a 50 day simple moving average of $5.89 and a two-hundred day simple moving average of $6.58. The firm has a market capitalization of $278.80 million, a PE ratio of -7.82 and a beta of 1.50. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.87 and a quick ratio of 0.87.

Ares Commercial Real Estate Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 11.81%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is presently -153.84%.

Analysts Set New Price Targets

Several brokerages have issued reports on ACRE. StockNews.com upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods dropped their target price on Ares Commercial Real Estate from $6.00 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price target on Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.60.

Insider Activity at Ares Commercial Real Estate

In related news, VP Anton Feingold sold 7,615 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $5.68, for a total value of $43,253.20. Following the completion of the transaction, the vice president now owns 78,360 shares of the company’s stock, valued at $445,084.80. The trade was a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is owned by company insiders.

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.