Ares Commercial Real Estate’s (ACRE) Neutral Rating Reiterated at BTIG Research

BTIG Research reiterated their neutral rating on shares of Ares Commercial Real Estate (NYSE:ACRE) in a report issued on Friday, MarketBeat reports.

Several other equities research analysts have also issued reports on ACRE. StockNews.com lowered shares of Ares Commercial Real Estate from a hold rating to a sell rating in a research report on Monday, May 27th. Keefe, Bruyette & Woods dropped their price objective on shares of Ares Commercial Real Estate from $7.50 to $7.00 and set a market perform rating for the company in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Ares Commercial Real Estate from $8.00 to $7.00 and set a neutral rating for the company in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $8.42.

Ares Commercial Real Estate Stock Down 0.3 %

Ares Commercial Real Estate stock opened at $7.61 on Friday. The firm has a market capitalization of $414.82 million, a price-to-earnings ratio of -9.17 and a beta of 1.46. The firm has a 50 day simple moving average of $6.98 and a 200 day simple moving average of $7.69. Ares Commercial Real Estate has a 1-year low of $6.36 and a 1-year high of $11.24. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.29.

Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.34). Ares Commercial Real Estate had a negative net margin of 54.60% and a positive return on equity of 0.84%. The firm had revenue of $18.69 million during the quarter, compared to the consensus estimate of $43.77 million. During the same quarter last year, the business posted $0.26 earnings per share. On average, analysts predict that Ares Commercial Real Estate will post -1.35 earnings per share for the current year.

Ares Commercial Real Estate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Friday, June 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 13.14%. The ex-dividend date of this dividend was Friday, June 28th. Ares Commercial Real Estate’s payout ratio is presently -120.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MGO One Seven LLC lifted its stake in shares of Ares Commercial Real Estate by 2,609.3% in the 4th quarter. MGO One Seven LLC now owns 570,331 shares of the real estate investment trust’s stock valued at $5,909,000 after acquiring an additional 549,280 shares during the last quarter. Access Investment Management LLC bought a new stake in Ares Commercial Real Estate in the fourth quarter valued at approximately $1,237,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Ares Commercial Real Estate by 67.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 257,235 shares of the real estate investment trust’s stock valued at $1,916,000 after purchasing an additional 103,902 shares during the period. Bright Futures Wealth Management LLC. bought a new position in shares of Ares Commercial Real Estate in the first quarter worth approximately $630,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ares Commercial Real Estate by 11.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,404 shares of the real estate investment trust’s stock worth $5,889,000 after buying an additional 81,534 shares during the period. 41.34% of the stock is owned by institutional investors.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities.