Media headlines about Ares Commercial Real Estate Corporation (NYSE:ACRE) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ares Commercial Real Estate Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.9369358719251 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ares Commercial Real Estate Corporation (ACRE) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- BRIEF-Ares Commercial increases size of its board to eight members (reuters.com)
- Ares Commercial Real Estate Corporation Appoints Kirk Sykes to Board of Directors (finance.yahoo.com)
- What New York can deliver Amazon (crainsnewyork.com)
Several brokerages recently weighed in on ACRE. BidaskClub cut Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. 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. JMP Securities reiterated an “outperform” rating and set a $14.50 price target (down from $15.00) on shares of Ares Commercial Real Estate Corporation in a research report on Thursday, August 10th. Zacks Investment Research upgraded Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.45.
Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) traded up 0.30% during mid-day trading on Friday, hitting $13.56. The stock had a trading volume of 46,238 shares. Ares Commercial Real Estate Corporation has a 52-week low of $12.24 and a 52-week high of $14.39. The stock has a 50 day moving average price of $13.32 and a 200-day moving average price of $13.29. The company has a market cap of $387.23 million, a PE ratio of 9.73 and a beta of 0.69.
Ares Commercial Real Estate Corporation (NYSE:ACRE) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.24. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The company had revenue of $10.40 million during the quarter, compared to analysts’ expectations of $10.85 million. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities analysts expect that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date was Thursday, September 28th. Ares Commercial Real Estate Corporation’s dividend payout ratio (DPR) is 77.14%.
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About Ares Commercial Real Estate Corporation
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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