B. Riley reissued their buy rating on shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) in a research note issued to investors on Thursday.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research raised Ares Commercial Real Estate Corporation from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Wednesday, July 26th. Credit Suisse Group reaffirmed a hold rating on shares of Ares Commercial Real Estate Corporation in a research report on Friday, August 4th. BidaskClub lowered Ares Commercial Real Estate Corporation from a hold rating to a sell rating in a research report on Thursday, September 14th. JMP Securities upped their price target 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. Finally, Keefe, Bruyette & Woods set a $14.00 price target on Ares Commercial Real Estate Corporation and gave the company a hold rating in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Ares Commercial Real Estate Corporation has an average rating of Hold and a consensus target price of $14.56.

Ares Commercial Real Estate Corporation (ACRE) opened at $12.93 on Thursday. Ares Commercial Real Estate Corporation has a 52-week low of $12.48 and a 52-week high of $14.39. The stock has a market capitalization of $369.67, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.68.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.11. Ares Commercial Real Estate Corporation had a return on equity of 7.76% and a net margin of 33.69%. The company had revenue of $28.55 million for the quarter, compared to analyst estimates of $11.71 million. During the same period in the prior year, the company posted $0.31 EPS. research analysts predict that Ares Commercial Real Estate Corporation will post 1.1 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 8.35%. The ex-dividend date is Thursday, December 28th. Ares Commercial Real Estate Corporation’s dividend payout ratio is currently 94.74%.

Several hedge funds have recently bought and sold shares of ACRE. KAMES CAPITAL plc acquired a new stake in shares of Ares Commercial Real Estate Corporation during the 2nd quarter valued at approximately $3,430,000. Yorktown Management & Research Co Inc bought a new position in Ares Commercial Real Estate Corporation during the 2nd quarter worth $3,011,000. Thrivent Financial For Lutherans grew its stake in Ares Commercial Real Estate Corporation by 155.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 226,060 shares of the real estate investment trust’s stock worth $2,959,000 after buying an additional 137,570 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Ares Commercial Real Estate Corporation by 149.3% during the 1st quarter. Nuveen Asset Management LLC now owns 196,257 shares of the real estate investment trust’s stock worth $2,626,000 after buying an additional 117,544 shares during the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in Ares Commercial Real Estate Corporation by 113.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 170,749 shares of the real estate investment trust’s stock worth $2,235,000 after buying an additional 90,644 shares during the last quarter. 64.18% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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