News stories about Ares Commercial Real Estate (NYSE:ACRE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ares Commercial Real Estate earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.2184253934772 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Ares Commercial Real Estate (ACRE) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Analysis: Positioning to Benefit within Del Taco Restaurants, Myers Industries, Hawkins, Ares Commercial Real Estate, Powell Industries, and NMI — Research Highlights Growth, Revenue, and Consolidated Results (finance.yahoo.com)
- Ares Commercial Real Estate Corp (ACRE) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Ares Commercial Real Estate (ACRE) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
A number of research analysts have issued reports on ACRE shares. Zacks Investment Research raised Ares Commercial Real Estate from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, February 6th. B. Riley reissued a “buy” rating and set a $14.00 price objective on shares of Ares Commercial Real Estate in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.13.
Ares Commercial Real Estate (NYSE:ACRE) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Ares Commercial Real Estate had a return on equity of 7.54% and a net margin of 31.17%. The company had revenue of $25.22 million during the quarter, compared to analyst estimates of $11.35 million. During the same period last year, the company posted $0.28 earnings per share. equities analysts anticipate that Ares Commercial Real Estate will post 1.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, March 28th. This is a positive change from Ares Commercial Real Estate’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.08%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is 100.00%.
In other Ares Commercial Real Estate news, Director William Stephen Benjamin bought 12,715 shares of the stock in a transaction dated Wednesday, March 7th. The stock was bought at an average cost of $12.32 per share, for a total transaction of $156,648.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.75% of the company’s stock.
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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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