Ares Commercial Real Estate (NYSE:ACRE) is scheduled to be releasing its earnings data before the market opens on Thursday, March 1st. Analysts expect Ares Commercial Real Estate to post earnings of $0.26 per share for the quarter.
Shares of Ares Commercial Real Estate (NYSE:ACRE) opened at $12.50 on Wednesday. Ares Commercial Real Estate has a 1-year low of $11.96 and a 1-year high of $14.22. The stock has a market capitalization of $363.95, a price-to-earnings ratio of 10.97 and a beta of 0.62.
Several brokerages recently issued reports on ACRE. BidaskClub lowered Ares Commercial Real Estate from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. ValuEngine upgraded Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating and set a $14.00 price objective for the company in a report on Monday, November 6th. Finally, B. Riley reiterated 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 given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.13.
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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