Analysts expect Ares Commercial Real Estate Corporation (NYSE:ACRE) to report earnings per share of $0.28 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ares Commercial Real Estate Corporation’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.27. Ares Commercial Real Estate Corporation reported earnings of $0.31 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 9.7%. The firm is scheduled to issue its next earnings results on Thursday, November 2nd.

On average, analysts expect that Ares Commercial Real Estate Corporation will report full-year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.08. For the next fiscal year, analysts forecast that the company will post earnings of $1.24 per share, with EPS estimates ranging from $1.20 to $1.26. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Ares Commercial Real Estate Corporation.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The firm had revenue of $10.40 million during the quarter, compared to analysts’ expectations of $10.85 million. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year.

A number of brokerages recently issued reports on ACRE. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $13.75 target price on shares of Ares Commercial Real Estate Corporation in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Credit Suisse Group reiterated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research report on Friday. Finally, BidaskClub lowered shares of Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.08.

Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) opened at 13.11 on Monday. The company has a 50 day moving average of $13.17 and a 200 day moving average of $13.33. The firm has a market cap of $373.23 million, a PE ratio of 8.95 and a beta of 0.69. Ares Commercial Real Estate Corporation has a 52 week low of $12.13 and a 52 week high of $14.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.08 annualized dividend and a dividend yield of 8.24%. Ares Commercial Real Estate Corporation’s dividend payout ratio (DPR) is 77.14%.

In other Ares Commercial Real Estate Corporation news, insider Robert L. Rosen acquired 10,000 shares of Ares Commercial Real Estate Corporation stock in a transaction dated 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 transaction, the insider now owns 66,002 shares in the company, valued at approximately $860,666.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael J. Arougheti acquired 30,000 shares of Ares Commercial Real Estate Corporation stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average price of $13.16 per share, with a total value of $394,800.00. Following the transaction, the director now owns 342,498 shares in the company, valued at approximately $4,507,273.68. The disclosure for this purchase can be found here. Company insiders own 1.75% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Boston Partners raised its position in Ares Commercial Real Estate Corporation by 2.0% in the second quarter. Boston Partners now owns 2,154,350 shares of the real estate investment trust’s stock valued at $28,201,000 after buying an additional 42,639 shares during the period. Vanguard Group Inc. raised its position in Ares Commercial Real Estate Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 1,188,935 shares of the real estate investment trust’s stock valued at $15,908,000 after buying an additional 79,338 shares during the period. State Street Corp raised its position in Ares Commercial Real Estate Corporation by 5.4% in the fourth quarter. State Street Corp now owns 670,409 shares of the real estate investment trust’s stock valued at $9,206,000 after buying an additional 34,446 shares during the period. Telemus Capital LLC raised its position in Ares Commercial Real Estate Corporation by 6.5% in the second quarter. Telemus Capital LLC now owns 428,630 shares of the real estate investment trust’s stock valued at $5,611,000 after buying an additional 26,035 shares during the period. Finally, Nomura Holdings Inc. raised its position in Ares Commercial Real Estate Corporation by 10.5% in the first quarter. Nomura Holdings Inc. now owns 427,598 shares of the real estate investment trust’s stock valued at $5,710,000 after buying an additional 40,751 shares during the period. Institutional investors own 66.87% of the company’s stock.

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About Ares Commercial Real Estate Corporation

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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