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

October 14, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.49 in Q2 2018. Its up 0.38, from 1.11 in 2018Q1. It increased, 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.
Blackrock has 2.56M shares. Savings Bank Of Ny Mellon invested 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Envestnet Asset owns 85 shares or 0% of their US portfolio. Boston Prns holds 2.33 million shares or 0.04% of its portfolio. Joel Isaacson Lc holds 86,536 shares or 0.2% of its portfolio. Us Bancorp De holds 0% or 228 shares in its portfolio. 465 are held by Piedmont Ltd Llc. Sg Americas Ltd holds 0% of its portfolio in Ares Commercial Real Estate Corporation (NYSE:ACRE) for 7,269 shares. Ameritas Investment Partners owns 2,562 shares for 0% of their portfolio. Acadian Asset Management Ltd Co stated it has 0.03% in Ares Commercial Real Estate Corporation (NYSE:ACRE). 23,888 are held by Gsa Partners Llp. Art Limited Com holds 0.01% or 13,447 shares in its portfolio. Deutsche State Bank Ag holds 0% or 83,832 shares. National Bank & Trust Of Montreal Can holds 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE) or 190 shares. 32,409 were reported by First Advsrs Ltd Partnership.

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. The firm has “Neutral” rating by Credit Suisse given on Tuesday, August 21. The company was upgraded on Wednesday, May 2 by Bank of America. JMP Securities maintained Ares Commercial Real Estate Corporation (NYSE:ACRE) on Monday, July 30 with “Market Outperform” rating. Bank of America downgraded the stock to “Hold” rating in Wednesday, May 23 report. As per Monday, July 23, the company rating was downgraded by JP Morgan.

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

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>