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

Ares Commercial Real Estate (NYSE:ACRE) is expected 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 %

NYSE:ACRE opened at $4.91 on Tuesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.87 and a current ratio of 0.87. The company has a fifty day moving average of $5.76 and a two-hundred day moving average of $6.53. Ares Commercial Real Estate has a fifty-two week low of $4.88 and a fifty-two week high of $7.99.

Ares Commercial Real Estate Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis 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 -153.84%.

Insider Activity at Ares Commercial Real Estate

In related news, VP Anton Feingold sold 7,615 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $5.68, for a total value of $43,253.20. Following the completion of the sale, the vice president now owns 78,360 shares of the company’s stock, valued at approximately $445,084.80. This represents a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ACRE shares. StockNews.com upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods reduced their target price on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced 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 report on Thursday, February 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of Ares Commercial Real Estate in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.60.

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.