Brokerages expect Ares Commercial Real Estate Corp (NYSE:ACRE) to report $0.26 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ares Commercial Real Estate’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.24. Ares Commercial Real Estate posted earnings per share of $0.28 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The firm is expected to announce its next quarterly 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 fiscal year, with EPS estimates ranging from $1.09 to $1.14. For the next fiscal year, analysts forecast that the company will report earnings of $1.20 per share, with EPS estimates ranging from $1.18 to $1.23. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Ares Commercial Real Estate.

Ares Commercial Real Estate (NYSE:ACRE) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. The business had revenue of $28.55 million during the quarter, compared to analyst estimates of $11.71 million. Ares Commercial Real Estate had a net margin of 33.69% and a return on equity of 7.76%. During the same quarter last year, the business earned $0.31 EPS.

ACRE has been the subject of a number of research reports. BidaskClub lowered shares of Ares Commercial Real Estate from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. ValuEngine upgraded shares of Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Finally, B. Riley restated a “buy” rating on shares of Ares Commercial Real Estate in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Ares Commercial Real Estate presently has a consensus rating of “Hold” and an average target price of $14.17.

Ares Commercial Real Estate (NYSE:ACRE) opened at $13.48 on Friday. The stock has a market cap of $381.96, a P/E ratio of 11.62, a P/E/G ratio of 1.72 and a beta of 0.69. Ares Commercial Real Estate has a fifty-two week low of $12.48 and a fifty-two week high of $14.22.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.27 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.08 annualized dividend and a dividend yield of 8.01%. Ares Commercial Real Estate’s dividend payout ratio is currently 94.74%.

Several large investors have recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in Ares Commercial Real Estate by 2.2% during the 3rd quarter. Boston Partners now owns 2,202,746 shares of the real estate investment trust’s stock worth $29,319,000 after acquiring an additional 48,396 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Ares Commercial Real Estate by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,238,404 shares of the real estate investment trust’s stock worth $16,211,000 after acquiring an additional 49,469 shares during the last quarter. Telemus Capital LLC boosted its holdings in Ares Commercial Real Estate by 10.0% during the 3rd quarter. Telemus Capital LLC now owns 471,597 shares of the real estate investment trust’s stock worth $6,277,000 after acquiring an additional 42,967 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in Ares Commercial Real Estate by 2.3% during the 2nd quarter. Nomura Holdings Inc. now owns 437,401 shares of the real estate investment trust’s stock worth $5,732,000 after acquiring an additional 9,803 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Ares Commercial Real Estate by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 423,005 shares of the real estate investment trust’s stock worth $5,537,000 after acquiring an additional 1,275 shares during the last quarter. Institutional investors own 63.19% of the company’s stock.

WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/16/brokerages-anticipate-ares-commercial-real-estate-corp-acre-will-announce-earnings-of-0-26-per-share.html.

About Ares Commercial Real Estate

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.

Get a free copy of the Zacks research report on Ares Commercial Real Estate (ACRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ares Commercial Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Commercial Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.