Ares Commercial Real Estate (ACRE) to Release Earnings on Tuesday

Ares Commercial Real Estate (NYSE:ACREGet Free Report) is set to release its earnings data on Tuesday, February 13th.

Ares Commercial Real Estate Stock Performance

Shares of ACRE opened at $8.71 on Monday. The company has a current ratio of 21.43, a quick ratio of 21.43 and a debt-to-equity ratio of 2.25. The firm has a market cap of $471.56 million, a PE ratio of 145.19 and a beta of 1.48. The company’s 50 day simple moving average is $10.18 and its 200-day simple moving average is $9.98. Ares Commercial Real Estate has a 12-month low of $7.52 and a 12-month high of $12.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Ares Commercial Real Estate in a research report on Wednesday, December 6th. They set a “neutral” rating and a $10.50 target price on the stock. JMP Securities lowered shares of Ares Commercial Real Estate from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 5th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.42.

View Our Latest Stock Analysis on ACRE

Insider Buying and Selling

In related news, VP Anton Feingold sold 5,890 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $10.37, for a total transaction of $61,079.30. Following the completion of the sale, the vice president now directly owns 68,975 shares of the company’s stock, valued at $715,270.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Ares Commercial Real Estate news, CEO Bryan Patrick Donohoe sold 18,868 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $10.32, for a total value of $194,717.76. Following the completion of the sale, the chief executive officer now owns 197,414 shares of the company’s stock, valued at $2,037,312.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Anton Feingold sold 5,890 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $10.37, for a total value of $61,079.30. Following the completion of the sale, the vice president now directly owns 68,975 shares of the company’s stock, valued at approximately $715,270.75. The disclosure for this sale can be found here. Corporate insiders own 1.95% of the company’s stock.

Institutional Investors Weigh In On Ares Commercial Real Estate

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Ares Commercial Real Estate by 5.6% during the 2nd quarter. BlackRock Inc. now owns 4,702,853 shares of the real estate investment trust’s stock worth $47,734,000 after buying an additional 251,277 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ares Commercial Real Estate by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,703,902 shares of the real estate investment trust’s stock worth $28,255,000 after buying an additional 162,862 shares during the last quarter. State Street Corp raised its stake in shares of Ares Commercial Real Estate by 10.1% during the 3rd quarter. State Street Corp now owns 1,285,654 shares of the real estate investment trust’s stock worth $13,884,000 after buying an additional 118,414 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Ares Commercial Real Estate by 62.3% during the 1st quarter. Wellington Management Group LLP now owns 1,145,612 shares of the real estate investment trust’s stock worth $10,414,000 after buying an additional 439,585 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ares Commercial Real Estate by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,088,317 shares of the real estate investment trust’s stock worth $11,046,000 after buying an additional 30,549 shares during the last quarter. Institutional investors and hedge funds own 38.37% of the company’s stock.

About Ares Commercial Real Estate

(Get Free Report)

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.

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Earnings History for Ares Commercial Real Estate (NYSE:ACRE)

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