Ares Commercial Real Estate Corporation (ACRE) Analysts See $0.32 EPS

October 14, 2018 - By Marie Mckinney

Investors sentiment increased to 1.49 in Q2 2018. Its up 0.38, from 1.11 in 2018Q1. It is positive, as 9 investors sold Ares Commercial Real Estate Corporation shares while 28 reduced holdings. 15 funds opened positions while 40 raised stakes. 17.34 million shares or 3.92% less from 18.05 million shares in 2018Q1 were reported.
Manufacturers Life Insurance The holds 23,432 shares. Citadel Advisors Ltd reported 0% of its portfolio in Ares Commercial Real Estate Corporation (NYSE:ACRE). Northern Corporation holds 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE) or 317,434 shares. Telemus Ltd Company accumulated 582,995 shares or 0.62% of the stock. 182,500 are owned by Lsv Asset Mgmt. Sei Invs Company holds 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE) or 7,037 shares. The Illinois-based Arete Wealth Advsrs Limited Liability Com has invested 0.07% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Wells Fargo Mn holds 405,726 shares or 0% of its portfolio. New York State Common Retirement Fund reported 30,700 shares stake. Geode Capital Mgmt Limited Com invested in 254,214 shares. Commercial Bank Of New York Mellon Corporation holds 134,810 shares. Ativo Capital Mngmt Ltd owns 90,030 shares. 1,796 are owned by Bnp Paribas Arbitrage Sa. Deutsche Bancshares Ag has invested 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Jpmorgan Chase & Co owns 21,654 shares or 0% of their US portfolio.

Analysts expect Ares Commercial Real Estate Corporation (NYSE:ACRE) to report $0.32 EPS on November, 7.They anticipate $0.07 EPS change or 17.95 % from last quarter’s $0.39 EPS. ACRE’s profit would be $9.13M giving it 10.57 P/E if the $0.32 EPS is correct. After having $0.35 EPS previously, Ares Commercial Real Estate Corporation’s analysts see -8.57 % EPS growth. The stock decreased 0.07% or $0.01 during the last trading session, reaching $13.53. About 108,605 shares traded or 13.81% up from the average. Ares Commercial Real Estate Corporation (NYSE:ACRE) has risen 10.36% since October 14, 2017 and is uptrending. It has underperformed by 5.26% the S&P500.

Ares Commercial Real Estate Corporation (NYSE:ACRE) Ratings Coverage

Among 5 analysts covering Ares Commercial (NYSE:ACRE), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Ares Commercial had 6 analyst reports since May 2, 2018 according to SRatingsIntel. As per Monday, July 23, the company rating was downgraded by JP Morgan. Bank of America upgraded Ares Commercial Real Estate Corporation (NYSE:ACRE) on Wednesday, May 2 to “Buy” rating. The stock of Ares Commercial Real Estate Corporation (NYSE:ACRE) has “Neutral” rating given on Tuesday, August 21 by Credit Suisse. The rating was downgraded by Bank of America on Wednesday, May 23 to “Hold”. JMP Securities maintained it with “Market Outperform” rating and $15 target in Monday, July 30 report.

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. The company has market cap of $386.05 million. It provides a range of financing solutions for commercial real estate owners and operators. It has a 10.76 P/E ratio. The firm originates senior mortgage loans, as well as subordinate financings, mezzanine debt, and preferred equity.

More news for Ares Commercial Real Estate Corporation (NYSE:ACRE) were recently published by: Globenewswire.com, which released: “Report: Exploring Fundamental Drivers Behind Ares Commercial Real Estate, Proteostasis Therapeutics, SunCoke …” on September 28, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For October 9, 2018” and published on October 09, 2018 is yet another important article.

Ares Commercial Real Estate Corporation (NYSE:ACRE) Ratings Chart

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