Ares Commercial Real Estate (ACRE) Set to Announce Quarterly Earnings on Tuesday

Ares Commercial Real Estate (NYSE:ACRE) will be issuing its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.34). The company had revenue of $18.69 million during the quarter, compared to the consensus estimate of $43.77 million. Ares Commercial Real Estate had a negative net margin of 54.60% and a positive return on equity of 0.84%. During the same period in the prior year, the company earned $0.26 earnings per share. On average, analysts expect Ares Commercial Real Estate to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ares Commercial Real Estate Stock Performance

Ares Commercial Real Estate stock traded up $0.10 during trading hours on Tuesday, hitting $7.78. The company had a trading volume of 149,428 shares, compared to its average volume of 630,929. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.29. Ares Commercial Real Estate has a one year low of $6.36 and a one year high of $11.24. The firm has a 50-day moving average of $7.08 and a 200 day moving average of $7.59.

Ares Commercial Real Estate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th were issued a $0.25 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 12.85%. Ares Commercial Real Estate’s dividend payout ratio is currently -120.48%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACRE. JPMorgan Chase & Co. decreased their target price on shares of Ares Commercial Real Estate from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. StockNews.com lowered shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research report on Monday, May 27th. Keefe, Bruyette & Woods decreased their target price on shares of Ares Commercial Real Estate from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Friday, May 10th. Finally, BTIG Research restated a “neutral” rating on shares of Ares Commercial Real Estate in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.42.

Ares Commercial Real Estate Company Profile

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.