Zacks Investment Research cut shares of Ares Commercial Real Estate (NYSE:ACRE) from a buy rating to a hold rating in a report released on Wednesday, January 3rd.

According to Zacks, “Ares Commercial Real Estate Corporation is a specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate investments. The Company’s financing solutions are comprised of its target investments, which include the following: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Other CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation is based in Chicago, Illinois. “

Several other equities research analysts also recently weighed in on ACRE. BidaskClub upgraded shares of Ares Commercial Real Estate from a sell rating to a hold rating in a research note on Saturday, September 23rd. ValuEngine upgraded shares of Ares Commercial Real Estate from a hold rating to a buy rating in a research note on Tuesday, November 7th. Finally, B. Riley restated a buy rating on shares of Ares Commercial Real Estate in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $14.13.

Ares Commercial Real Estate (ACRE) opened at $12.90 on Wednesday. Ares Commercial Real Estate has a one year low of $12.48 and a one year high of $14.22. The stock has a market cap of $373.96, a P/E ratio of 11.37 and a beta of 0.69.

Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.11. Ares Commercial Real Estate had a net margin of 33.69% and a return on equity of 7.76%. The firm had revenue of $28.55 million for the quarter, compared to the consensus estimate of $11.71 million. During the same period last year, the firm earned $0.31 earnings per share. equities analysts expect that Ares Commercial Real Estate will post 1.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.27 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.08 annualized dividend and a yield of 8.37%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is 94.74%.

Several hedge funds and other institutional investors have recently bought and sold shares of ACRE. Teachers Advisors LLC raised its holdings in shares of Ares Commercial Real Estate by 3.3% in the first quarter. Teachers Advisors LLC now owns 55,511 shares of the real estate investment trust’s stock worth $743,000 after buying an additional 1,798 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Ares Commercial Real Estate in the second quarter worth $401,000. Neuberger Berman Group LLC raised its holdings in shares of Ares Commercial Real Estate by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 423,005 shares of the real estate investment trust’s stock worth $5,537,000 after buying an additional 1,275 shares during the last quarter. LSV Asset Management raised its holdings in shares of Ares Commercial Real Estate by 4.4% in the second quarter. LSV Asset Management now owns 122,900 shares of the real estate investment trust’s stock worth $1,608,000 after buying an additional 5,200 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in shares of Ares Commercial Real Estate by 113.2% in the second quarter. Kennedy Capital Management Inc. now owns 170,749 shares of the real estate investment trust’s stock worth $2,235,000 after buying an additional 90,644 shares during the last quarter. 63.18% of the stock is owned by institutional investors and hedge funds.

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About Ares Commercial Real Estate

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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