Shares of Ares Commercial Real Estate Corp (NYSE:ACRE) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.90.

A number of research firms have recently issued reports on ACRE. Keefe, Bruyette & Woods restated a “hold” rating and set a $13.75 price target on shares of Ares Commercial Real Estate Corp in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Ares Commercial Real Estate Corp from a “sell” rating to a “hold” rating in a report on Tuesday, January 24th.

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In related news, Director Michael J. Arougheti acquired 30,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were purchased at an average price of $13.16 per share, for a total transaction of $394,800.00. Following the purchase, the director now owns 342,498 shares in the company, valued at $4,507,273.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert L. Rosen acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was bought at an average price of $13.04 per share, for a total transaction of $130,400.00. Following the purchase, the insider now owns 66,002 shares in the company, valued at approximately $860,666.08. The disclosure for this purchase can be found here. Insiders have bought 65,542 shares of company stock worth $860,566 in the last 90 days. 1.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL raised its position in Ares Commercial Real Estate Corp by 1.5% in the first quarter. Tudor Investment Corp ET AL now owns 10,705 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 158 shares in the last quarter. Hancock Holding Co. raised its position in Ares Commercial Real Estate Corp by 26.0% in the first quarter. Hancock Holding Co. now owns 13,162 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 2,713 shares in the last quarter. Suntrust Banks Inc. raised its position in Ares Commercial Real Estate Corp by 2.7% in the third quarter. Suntrust Banks Inc. now owns 15,150 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 403 shares in the last quarter. ClariVest Asset Management LLC raised its position in Ares Commercial Real Estate Corp by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 15,494 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 791 shares in the last quarter. Finally, American International Group Inc. raised its position in Ares Commercial Real Estate Corp by 6.9% in the first quarter. American International Group Inc. now owns 16,512 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 1,060 shares in the last quarter. Hedge funds and other institutional investors own 64.94% of the company’s stock.

Shares of Ares Commercial Real Estate Corp (NYSE:ACRE) opened at 12.97 on Monday. The firm has a market cap of $369.24 million, a price-to-earnings ratio of 8.86 and a beta of 0.78. The company’s 50-day moving average is $13.44 and its 200-day moving average is $13.49. Ares Commercial Real Estate Corp has a 12 month low of $11.38 and a 12 month high of $14.39.

Ares Commercial Real Estate Corp (NYSE:ACRE) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.02. Ares Commercial Real Estate Corp had a net margin of 54.20% and a return on equity of 6.34%. The firm had revenue of $21.13 million for the quarter, compared to analyst estimates of $11.81 million. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, equities research analysts forecast that Ares Commercial Real Estate Corp will post $1.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.33%. Ares Commercial Real Estate Corp’s dividend payout ratio is currently 71.72%.

Ares Commercial Real Estate Corp 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.

12 Month Chart for NYSE:ACRE

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