Ares Commercial Real Estate (NYSE:ACRE) Announces Quarterly Earnings Results

Ares Commercial Real Estate (NYSE:ACRE) announced its earnings results on Wednesday. The real estate investment trust reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.15), Zacks reports. Ares Commercial Real Estate had a negative return on equity of 5.10% and a negative net margin of 95.81%.

Ares Commercial Real Estate Trading Down 13.1 %

Ares Commercial Real Estate stock opened at $5.30 on Wednesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day moving average of $6.13 and a 200-day moving average of $6.68. The company has a market cap of $288.79 million, a price-to-earnings ratio of -4.41 and a beta of 1.50. Ares Commercial Real Estate has a one year low of $5.23 and a one year high of $8.59.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACRE. 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. JMP Securities reaffirmed a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their target price on Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered their price target on Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.80.

Insider Transactions at Ares Commercial Real Estate

In other news, VP Anton Feingold sold 7,615 shares of Ares Commercial Real Estate stock in a transaction that occurred on 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 directly owns 78,360 shares in the company, valued at approximately $445,084.80. The trade was a 8.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.