Wall Street brokerages expect Ares Commercial Real Estate Corp (NYSE:ACRE) to post sales of $11.23 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ares Commercial Real Estate’s earnings. The lowest sales estimate is $10.78 million and the highest is $11.67 million. Ares Commercial Real Estate posted sales of $23.51 million in the same quarter last year, which would indicate a negative year over year growth rate of 52.2%. The firm is expected to announce its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Ares Commercial Real Estate will report full year sales of $11.23 million for the current financial year, with estimates ranging from $46.26 million to $47.15 million. For the next fiscal year, analysts forecast that the company will post sales of $49.21 million per share, with estimates ranging from $48.53 million to $49.89 million. Zacks’ sales averages are an average based on a survey of analysts that follow Ares Commercial Real Estate.

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

Several equities analysts have weighed in on ACRE shares. BidaskClub downgraded Ares Commercial Real Estate from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. ValuEngine raised Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Finally, B. Riley reissued a “buy” rating on shares of Ares Commercial Real Estate in a research 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 a consensus target price of $14.17.

Ares Commercial Real Estate (NYSE:ACRE) traded down $0.24 during midday trading on Thursday, reaching $12.55. The company had a trading volume of 156,800 shares, compared to its average volume of 160,700. The stock has a market cap of $359.95, a P/E ratio of 11.11, a P/E/G ratio of 1.52 and a beta of 0.69. Ares Commercial Real Estate has a 12-month low of $12.48 and a 12-month high of $14.22.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date is Thursday, December 28th. Ares Commercial Real Estate’s payout ratio is currently 95.58%.

A number of institutional investors have recently modified their holdings of the stock. Yorktown Management & Research Co Inc purchased a new stake in shares of Ares Commercial Real Estate during the second quarter worth about $3,011,000. Thrivent Financial For Lutherans increased its holdings in Ares Commercial Real Estate by 155.5% in the second quarter. Thrivent Financial For Lutherans now owns 226,060 shares of the real estate investment trust’s stock valued at $2,959,000 after buying an additional 137,570 shares during the last quarter. Kennedy Capital Management Inc. increased its holdings in Ares Commercial Real Estate by 113.2% in the second quarter. Kennedy Capital Management Inc. now owns 170,749 shares of the real estate investment trust’s stock valued at $2,235,000 after buying an additional 90,644 shares during the last quarter. Delphi Management Inc. MA bought a new stake in Ares Commercial Real Estate in the third quarter valued at about $850,000. Finally, Beck Capital Management LLC bought a new stake in Ares Commercial Real Estate in the third quarter valued at about $783,000. Hedge funds and other institutional investors own 63.19% of the company’s stock.

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Ares Commercial Real Estate 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.

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