Ares Commercial Real Estate Corporation (NYSE:ACRE) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Ares Commercial Real Estate Corporation to post earnings of $0.29 per share for the quarter.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. The firm had revenue of $10.40 million for the quarter, compared to analysts’ expectations of $10.85 million. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, analysts expect Ares Commercial Real Estate Corporation to post $1.05 EPS for the current fiscal year and $1.22 EPS for the next fiscal year.

Ares Commercial Real Estate Corporation (ACRE) opened at 13.20 on Wednesday. The company has a market capitalization of $376.95 million, a PE ratio of 9.48 and a beta of 0.69. Ares Commercial Real Estate Corporation has a 12-month low of $12.24 and a 12-month high of $14.39. The stock has a 50 day moving average of $13.32 and a 200-day moving average of $13.28.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a $0.27 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.08 annualized dividend and a yield of 8.18%. Ares Commercial Real Estate Corporation’s dividend payout ratio (DPR) is currently 77.14%.

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Several analysts recently issued reports on ACRE shares. Zacks Investment Research upgraded shares of Ares Commercial Real Estate Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, July 26th. BidaskClub upgraded shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Ares Commercial Real Estate Corporation and gave the company a “hold” rating in a report on Thursday, August 17th. Credit Suisse Group restated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th. Finally, JMP Securities boosted their price objective on shares of Ares Commercial Real Estate Corporation to $14.00 and gave the company a “market outperform” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Ares Commercial Real Estate Corporation currently has an average rating of “Hold” and a consensus price target of $14.45.

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.

Earnings History for Ares Commercial Real Estate Corporation (NYSE:ACRE)

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