Ares Commercial Real Estate (ACRE) Projected to Post Earnings on Thursday

Ares Commercial Real Estate (NYSE:ACRE) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $16.83 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Ares Commercial Real Estate Stock Performance

Shares of ACRE stock opened at $5.08 on Thursday. The business’s fifty day simple moving average is $5.89 and its 200-day simple moving average is $6.58. The company has a market cap of $278.80 million, a PE ratio of -7.82 and a beta of 1.50. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.17. Ares Commercial Real Estate has a 12-month low of $4.91 and a 12-month high of $8.39.

Ares Commercial Real Estate Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date of this dividend is Monday, March 31st. Ares Commercial Real Estate’s payout ratio is presently -153.84%.

Insider Activity at Ares Commercial Real Estate

In other Ares Commercial Real Estate news, VP Anton Feingold sold 7,615 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $5.68, for a total value of $43,253.20. Following the sale, the vice president now directly owns 78,360 shares of the company’s stock, valued at approximately $445,084.80. This represents a 8.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. JMP Securities reaffirmed a “market perform” rating on shares of Ares Commercial Real Estate in a research report on Thursday, February 13th. StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods reduced their price target on Ares Commercial Real Estate from $6.00 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.60.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities.