Ares Commercial Real Estate (NYSE:ACRE) Releases Earnings Results, Misses Estimates By $0.15 EPS

Ares Commercial Real Estate (NYSE:ACREGet Free Report) issued its earnings results on Wednesday. The real estate investment trust reported ($0.17) earnings per share 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 Stock Down 13.1 %

Shares of 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 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 52-week low of $5.23 and a 52-week high of $8.59. The stock has a 50-day simple moving average of $6.13 and a 200-day simple moving average of $6.68.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACRE shares. Keefe, Bruyette & Woods dropped their price objective on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, JMP Securities reiterated a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.80.

View Our Latest Stock Report on ACRE

Insider Activity

In other Ares Commercial Real Estate news, VP Anton Feingold sold 7,615 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $5.68, for a total value of $43,253.20. Following the sale, the vice president now owns 78,360 shares of the company’s stock, valued at $445,084.80. This trade represents a 8.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by insiders.

About Ares Commercial Real Estate

(Get Free Report)

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.

Further Reading

Earnings History for Ares Commercial Real Estate (NYSE:ACRE)

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