Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ares Commercial Real Estate (ACRE) Stock Price
News coverage about Ares Commercial Real Estate (NYSE:ACRE) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ares Commercial Real Estate earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.6726910685642 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Ares Commercial Real Estate (NYSE ACRE) opened at $13.30 on Wednesday. The company has a market capitalization of $384.25, a PE ratio of 11.69, a P/E/G ratio of 1.73 and a beta of 0.68. Ares Commercial Real Estate has a 12-month low of $12.48 and a 12-month high of $14.39.
Ares Commercial Real Estate (NYSE:ACRE) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.11. The firm had revenue of $28.55 million during the quarter, compared to analyst estimates of $11.71 million. Ares Commercial Real Estate had a return on equity of 7.76% and a net margin of 33.69%. During the same period last year, the company earned $0.31 earnings per share. equities research analysts expect that Ares Commercial Real Estate will post 1.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.27 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.12%. Ares Commercial Real Estate’s payout ratio is 94.74%.
A number of research firms recently issued reports on ACRE. JMP Securities reaffirmed an “outperform” rating and issued a $14.50 price target (down from $15.00) on shares of Ares Commercial Real Estate in a report on Thursday, August 10th. BidaskClub raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods set a $14.00 price target on Ares Commercial Real Estate and gave the company a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research cut Ares Commercial Real Estate from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, B. Riley reaffirmed a “buy” rating on shares of Ares Commercial Real Estate in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.17.
About Ares Commercial Real Estate
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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