Ares Commercial Real Estate Corporation (NYSE:ACRE) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.11, Bloomberg Earnings reports. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. During the same quarter last year, the company posted $0.31 EPS.

Ares Commercial Real Estate Corporation (ACRE) traded up 1.31% on Wednesday, reaching $13.15. 113,194 shares of the company traded hands. The firm has a 50 day moving average price of $13.31 and a 200 day moving average price of $13.26. Ares Commercial Real Estate Corporation has a 52-week low of $12.24 and a 52-week high of $14.39. The stock has a market capitalization of $375.52 million, a price-to-earnings ratio of 9.44 and a beta of 0.69.

The firm also recently declared 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 of this dividend was Thursday, September 28th. This represents a $1.08 annualized dividend and a yield of 8.32%. Ares Commercial Real Estate Corporation’s payout ratio is 77.14%.

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ACRE has been the topic of several recent analyst reports. BidaskClub lowered shares of Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods set a $14.00 price target on shares of Ares Commercial Real Estate Corporation and gave the company a “hold” rating in a report on Thursday, August 17th. JMP Securities restated an “outperform” rating and issued a $14.50 price target (down previously from $15.00) on shares of Ares Commercial Real Estate Corporation in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Finally, Credit Suisse Group restated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, three have assigned 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 an average 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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