Brokerages Expect Ares Commercial Real Estate Corp (ACRE) to Announce $0.25 EPS

Equities analysts expect Ares Commercial Real Estate Corp (NYSE:ACRE) to announce earnings of $0.25 per share for the current quarter, Zacks reports. Two analysts have made 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 $0.22. Ares Commercial Real Estate reported earnings per share of $0.28 in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.7%. The business is expected to issue its next quarterly earnings report on Tuesday, March 6th.

On average, analysts expect that Ares Commercial Real Estate will report full-year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.07 to $1.14. For the next year, analysts anticipate that the firm will post earnings of $1.21 per share, with EPS estimates ranging from $1.20 to $1.23. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Ares Commercial Real Estate.

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

Several equities research analysts have weighed in on ACRE shares. B. Riley reaffirmed a “buy” rating on shares of Ares Commercial Real Estate in a research report on Thursday, November 2nd. BidaskClub downgraded Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating and set a $14.00 target price on the stock in a research report on Monday, November 6th. Finally, ValuEngine upgraded Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.13.

Several large investors have recently bought and sold shares of the company. Boston Partners grew its position in shares of 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 valued at $29,319,000 after acquiring an additional 48,396 shares during the period. Vanguard Group Inc. grew its position in shares of 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 valued at $16,211,000 after acquiring an additional 49,469 shares during the period. Telemus Capital LLC grew its position in shares of 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 valued at $6,277,000 after acquiring an additional 42,967 shares during the period. Nomura Holdings Inc. grew its position in shares of 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 valued at $5,732,000 after acquiring an additional 9,803 shares during the period. Finally, Relative Value Partners Group LLC grew its position in shares of Ares Commercial Real Estate by 16.8% during the 3rd quarter. Relative Value Partners Group LLC now owns 308,840 shares of the real estate investment trust’s stock valued at $4,194,000 after acquiring an additional 44,405 shares during the period. Hedge funds and other institutional investors own 63.19% of the company’s stock.

Shares of Ares Commercial Real Estate (ACRE) traded up $0.11 on Thursday, reaching $13.08. The company’s stock had a trading volume of 102,036 shares, compared to its average volume of 115,969. The firm has a market cap of $373.96, a P/E ratio of 11.47 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date was Thursday, December 28th. Ares Commercial Real Estate’s dividend payout ratio (DPR) is presently 94.74%.

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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.

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

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