News stories about Ares Commercial Real Estate (NYSE:ACRE) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ares Commercial Real Estate earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.0130432773882 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Ares Commercial Real Estate Corp (ACRE) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Ares Commercial Real Estate (ACRE) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Zacks Investment Research Upgrades Ares Commercial Real Estate (ACRE) to Buy (americanbankingnews.com)
- Ares Commercial Real Estate (ACRE) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
Several brokerages recently commented on ACRE. Zacks Investment Research lowered shares of Ares Commercial Real Estate from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. B. Riley restated a “buy” rating and issued a $14.00 target price on shares of Ares Commercial Real Estate in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Ares Commercial Real Estate currently has a consensus rating of “Hold” and a consensus price target of $14.13.
Ares Commercial Real Estate (NYSE:ACRE) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $25.22 million during the quarter, compared to analysts’ expectations of $11.35 million. Ares Commercial Real Estate had a net margin of 31.17% and a return on equity of 7.54%. During the same period last year, the company posted $0.28 earnings per share. research analysts anticipate that Ares Commercial Real Estate will post 1.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Thursday, March 29th will be issued a dividend of $0.28 per share. This is a boost from Ares Commercial Real Estate’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 8.92%. The ex-dividend date is Wednesday, March 28th. Ares Commercial Real Estate’s dividend payout ratio (DPR) is currently 100.00%.
In other news, Director William Stephen Benjamin purchased 12,715 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were bought at an average price of $12.32 per share, with a total value of $156,648.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.75% of the stock is currently owned by company insiders.
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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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