Ares Commercial Real Estate (NYSE:ACRE) is expected to report quarterly results before market open on Tuesday, February 15. Analysts expect Ares Commercial Real Estate to post earnings of $0.37 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
ACRE opened at $14.24 on Tuesday. Ares Commercial Real Estate has a 12 month minimum of $12.22 and a 12 month maximum of $16.98. The stock has a market capitalization of $669.31 million, a price-earnings ratio of 9.37 and a beta of 1.25. The company has a debt ratio of 2.55, a current ratio of 0.33 and a quick ratio of 0.33. The company has a fifty-day moving average price of $14.64 and a 200-day moving average price of $15.14.
In other Ares Commercial Real Estate news, CEO Bryan Patrick Donohoe sold 8,813 shares of Ares Commercial Real Estate in a trade dated Tuesday, January 18. The stock was sold at an average price of $14.96, for a total transaction of $131,842.48. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. 1.96% of the shares are held by insiders.
Several institutional investors have recently bought and sold shares of the company. American International Group Inc. increased its equity stake in Ares Commercial Real Estate by 13.4% in the third quarter. American International Group Inc. now owns 23,955 shares of the real estate investment trust worth $361,000 after buying 2,822 additional shares in the last quarter. Bank of New York Mellon Corp increased its holdings of Ares Commercial Real Estate shares by 12.4% in the third quarter. Bank of New York Mellon Corp now owns 177,349 shares of the real estate investment trust worth $2,675,000 after buying 19,518 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Ares Commercial Real Estate shares by 107.1% in the third quarter. BNP Paribas Arbitrage SA now owns 12,816 shares of the real estate investment trust worth $193,000 after buying an additional 6,628 shares in the last quarter. UBS Group AG increased its equity stake in Ares Commercial Real Estate by 10.7% in the third quarter. UBS Group AG now owns 70,500 shares of the real estate investment trust worth $1,063,000 after buying an additional 6,823 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings of Ares Commercial Real Estate shares by 9.2% in the third quarter. Royal Bank of Canada now owns 76,125 shares of the real estate investment trust worth $1,147,000 after buying an additional 6,384 shares in the last quarter. 51.79% of the shares are held by institutional investors and hedge funds.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Ares Commercial Real Estate from a “buy” rating to a “hold” rating in a research note on Tuesday, January 4. JMP Securities raised its price target on Ares Commercial Real Estate from $16.50 to $17.00 and gave the stock a “market outperforming” rating in a Thursday, November 4 research note. Finally, BTIG Research reissued a “buy” rating and set a target price of $16.50 on Ares Commercial Real Estate shares in a Friday, November 12 research note. Two research analysts gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $15.92.
About Ares Real Estate Commercial
Ares Commercial Real Estate Corp. engages in originating and investing in commercial real estate loans and related investments. The Company’s investments include first mortgage loans, subordinated debt, preferred stock, mezzanine loans and other commercial real estate investments, including commercial mortgage-backed securities, which are collateralised, directly or indirectly, by office, multi-family, commercial, industrial, lodging, senior-residential, self-storage, student housing and other commercial real estate properties, or by ownership interests.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Ares Commercial Real Estate right now?
Before you consider Ares Commercial Real Estate, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Ares Commercial Real Estate didn’t make the list.
While Ares Commercial Real Estate currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here