Ares Commercial Real Estate (NYSE:ACRE) Issues Earnings Results

Ares Commercial Real Estate (NYSE:ACRE) posted its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates 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 Performance

Shares of ACRE opened at $5.21 on Wednesday. Ares Commercial Real Estate has a 1 year low of $5.33 and a 1 year high of $8.59. The firm has a fifty day moving average of $6.13 and a 200-day moving average of $6.68. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $283.94 million, a price-to-earnings ratio of -4.43 and a beta of 1.50.

Insider Activity at Ares Commercial Real Estate

In related news, VP Anton Feingold sold 7,615 shares of Ares Commercial Real Estate stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $5.68, for a total transaction of $43,253.20. Following the sale, the vice president now directly owns 78,360 shares in the company, valued at $445,084.80. The trade was a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.