BidaskClub upgraded shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Several other research firms have also recently issued reports on ACRE. JMP Securities upped their price objective on Ares Commercial Real Estate Corporation to $14.00 and gave the company a market outperform rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $13.75 price objective on shares of Ares Commercial Real Estate Corporation in a research report on Wednesday, May 3rd. Zacks Investment Research raised Ares Commercial Real Estate Corporation from a sell rating to a hold rating in a research report on Tuesday, May 9th. Finally, Credit Suisse Group reaffirmed a hold rating on shares of Ares Commercial Real Estate Corporation in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Ares Commercial Real Estate Corporation has an average rating of Hold and a consensus price target of $14.17.

Ares Commercial Real Estate Corporation (NYSE ACRE) traded down 0.68% on Tuesday, hitting $13.11. The stock had a trading volume of 77,500 shares. Ares Commercial Real Estate Corporation has a 1-year low of $12.13 and a 1-year high of $14.39. The company has a market cap of $374.38 million, a P/E ratio of 9.41 and a beta of 0.69. The stock has a 50 day moving average price of $13.08 and a 200 day moving average price of $13.31.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $10.40 million for the quarter, compared to the consensus estimate of $10.85 million. Ares Commercial Real Estate Corporation had a return on equity of 7.07% and a net margin of 45.06%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. On average, equities research analysts expect that Ares Commercial Real Estate Corporation will post $1.05 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.27 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.08 annualized dividend and a yield of 8.24%. Ares Commercial Real Estate Corporation’s dividend payout ratio (DPR) is presently 77.14%.

Institutional investors have recently added to or reduced their stakes in the stock. Edge Wealth Management LLC boosted its position in Ares Commercial Real Estate Corporation by 900.0% in the second quarter. Edge Wealth Management LLC now owns 10,000 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 9,000 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in Ares Commercial Real Estate Corporation by 1.5% in the first quarter. Tudor Investment Corp ET AL now owns 10,705 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 158 shares during the last quarter. Hancock Holding Co. boosted its position in Ares Commercial Real Estate Corporation by 26.0% in the first quarter. Hancock Holding Co. now owns 13,162 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 2,713 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Ares Commercial Real Estate Corporation by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 15,494 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 791 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in Ares Commercial Real Estate Corporation by 32.1% in the second quarter. Citadel Advisors LLC now owns 16,324 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 3,966 shares during the last quarter. 66.87% of the stock is currently owned by hedge funds and other institutional investors.

About Ares Commercial Real Estate Corporation

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.

Analyst Recommendations for Ares Commercial Real Estate Corporation (NYSE:ACRE)

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