Media stories about Ares Commercial Real Estate Corporation (NYSE:ACRE) have trended positive this week, Alpha One reports. The research firm, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ares Commercial Real Estate Corporation earned a coverage optimism score of 0.33 on Alpha One’s scale. Alpha One also assigned media stories about the real estate investment trust an impact score of 66 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the next several days.
Several equities analysts recently weighed in on ACRE shares. 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. Keefe, Bruyette & Woods reissued a “hold” rating and set a $13.75 price objective on shares of Ares Commercial Real Estate Corporation in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Ares Commercial Real Estate Corporation presently has a consensus rating of “Hold” and a consensus price target of $13.92.
Ares Commercial Real Estate Corporation (NYSE:ACRE) opened at 13.84 on Friday. The company’s 50-day moving average price is $13.25 and its 200 day moving average price is $13.50. The company has a market capitalization of $394.01 million, a price-to-earnings ratio of 9.45 and a beta of 0.72. Ares Commercial Real Estate Corporation has a 52 week low of $11.69 and a 52 week high of $14.39.
Ares Commercial Real Estate Corporation (NYSE:ACRE) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The company had revenue of $21.13 million for the quarter, compared to analyst estimates of $11.81 million. Ares Commercial Real Estate Corporation had a return on equity of 6.74% and a net margin of 49.39%. During the same quarter last year, the business earned $0.18 earnings per share. On average, analysts predict that Ares Commercial Real Estate Corporation will post $1.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.08 annualized dividend and a yield of 7.80%. Ares Commercial Real Estate Corporation’s dividend payout ratio (DPR) is presently 73.47%.
In related news, Director Michael J. Arougheti acquired 19,722 shares of the business’s stock in a transaction on Monday, May 8th. The stock was purchased at an average cost of $13.20 per share, for a total transaction of $260,330.40. Following the completion of the transaction, the director now directly owns 342,498 shares of the company’s stock, valued at approximately $4,520,973.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Skinner acquired 3,860 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were bought at an average price of $12.95 per share, with a total value of $49,987.00. Following the completion of the transaction, the director now directly owns 17,756 shares of the company’s stock, valued at $229,940.20. The disclosure for this purchase can be found here. Insiders have acquired 63,582 shares of company stock valued at $835,517 over the last 90 days. Company insiders own 1.75% of the company’s stock.
Ares Commercial Real Estate Corporation 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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