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

Ares Commercial Real Estate (NYSE:ACRE) posted its quarterly 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 14.5 %

Shares of ACRE opened at $5.21 on Wednesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 0.87. Ares Commercial Real Estate has a one year low of $5.33 and a one year high of $8.59. The stock has a market capitalization of $283.94 million, a price-to-earnings ratio of -4.43 and a beta of 1.50. The stock has a 50 day moving average price of $6.13 and a 200 day moving average price of $6.68.

Insider Activity

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

Wall Street Analyst Weigh In

ACRE has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a research report on Monday, December 9th. Keefe, Bruyette & Woods cut their price target on 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 upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut their price target 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. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Ares Commercial Real Estate presently has an average rating of “Hold” and an average price target of $6.80.

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.