Zacks: Analysts Expect Ares Commercial Real Estate Corp (ACRE) Will Post Earnings of $0.26 Per Share

Equities research analysts expect Ares Commercial Real Estate Corp (NYSE:ACRE) to post $0.26 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued 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 per share of $0.28 during the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The business is scheduled to announce its next earnings report 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 year, analysts anticipate that the company will report earnings of $1.20 per share, with EPS estimates ranging from $1.18 to $1.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Ares Commercial Real Estate.

Ares Commercial Real Estate (NYSE:ACRE) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, topping 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 analyst estimates of $11.71 million. During the same period in the prior year, the firm earned $0.31 earnings per share.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.17.

Ares Commercial Real Estate (ACRE) traded up $0.04 during mid-day trading on Tuesday, hitting $12.59. 102,882 shares of the company were exchanged, compared to its average volume of 135,100. Ares Commercial Real Estate has a 12-month low of $12.48 and a 12-month high of $14.22. The stock has a market capitalization of $358.80, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.49 and a beta of 0.69.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend is Thursday, December 28th. Ares Commercial Real Estate’s dividend payout ratio (DPR) is 94.74%.

A number of institutional investors and hedge funds have recently made changes to their positions in ACRE. Teachers Advisors LLC boosted its holdings in 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 valued at $743,000 after purchasing an additional 1,798 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Ares Commercial Real Estate in the second quarter valued at approximately $401,000. Neuberger Berman Group LLC boosted its holdings in 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 valued at $5,537,000 after purchasing an additional 1,275 shares in the last quarter. LSV Asset Management boosted its holdings in 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 valued at $1,608,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its holdings in 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 valued at $2,235,000 after purchasing an additional 90,644 shares in the last quarter. 63.19% of the stock is owned by hedge funds and other institutional investors.

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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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