Ares Commercial Real Estate (ACRE) to Release Quarterly Earnings on Thursday

Ares Commercial Real Estate (NYSE:ACRE) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $16.83 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Ares Commercial Real Estate Stock Down 1.1 %

ACRE stock opened at $4.91 on Tuesday. The firm’s fifty day simple moving average is $5.76 and its 200-day simple moving average is $6.53. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17. Ares Commercial Real Estate has a 12 month low of $4.88 and a 12 month high of $7.99.

Ares Commercial Real Estate Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.23%. The ex-dividend date is Monday, March 31st. Ares Commercial Real Estate’s dividend payout ratio (DPR) is currently -153.84%.

Analyst Ratings Changes

ACRE has been the topic of several recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, February 13th. StockNews.com raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. JMP Securities reiterated a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, Ares Commercial Real Estate currently has a consensus rating of “Hold” and a consensus target price of $6.60.

Insider Activity at Ares Commercial Real Estate

In other Ares Commercial Real Estate news, VP Anton Feingold sold 7,615 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $5.68, for a total transaction of $43,253.20. Following the completion of the transaction, the vice president now directly owns 78,360 shares in the company, valued at approximately $445,084.80. This represents a 8.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

About Ares Commercial Real Estate

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.