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

Share on StockTwits

Ares Commercial Real Estate (NYSE:ACRE) is scheduled to be announcing its earnings results before the market opens on Thursday, February 21st. Analysts expect the company to announce earnings of $0.32 per share for the quarter.

Shares of ACRE opened at $14.17 on Thursday. Ares Commercial Real Estate has a 12-month low of $12.08 and a 12-month high of $14.77. The stock has a market cap of $404.37 million, a P/E ratio of 12.77 and a beta of 0.59.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Ares Commercial Real Estate from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, November 1st. JPMorgan Chase & Co. lifted their price objective on Ares Commercial Real Estate from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Wednesday, October 24th. Finally, Raymond James raised Ares Commercial Real Estate from an “outperform” rating to a “strong-buy” rating in a report on Friday, January 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ares Commercial Real Estate currently has a consensus rating of “Hold” and a consensus target price of $14.83.

In other Ares Commercial Real Estate news, insider James Alan Henderson sold 13,618 shares of Ares Commercial Real Estate stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $14.23, for a total transaction of $193,784.14. Following the sale, the insider now directly owns 108,092 shares of the company’s stock, valued at $1,538,149.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.03% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “Ares Commercial Real Estate (ACRE) Scheduled to Post Quarterly Earnings on Thursday” was originally reported by Macon Daily and is owned by of Macon Daily. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://macondaily.com/2019/02/14/ares-commercial-real-estate-acre-scheduled-to-post-quarterly-earnings-on-thursday.html.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments.

Featured Article: Benefits of owning preferred stock

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

Receive News & Ratings for Ares Commercial Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Commercial Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply