Ares Commercial Real Estate (ACRE) Set to Announce Earnings on Thursday

Ares Commercial Real Estate (NYSE:ACRE) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ares Commercial Real Estate Stock Up 0.4 %

Shares of NYSE:ACRE opened at $6.33 on Wednesday. The stock has a 50 day moving average price of $6.90 and a 200-day moving average price of $6.97. The firm has a market capitalization of $344.84 million, a P/E ratio of -6.96 and a beta of 1.46. Ares Commercial Real Estate has a 52-week low of $6.25 and a 52-week high of $11.24. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.87 and a current ratio of 0.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. BTIG Research reissued a “neutral” rating on shares of Ares Commercial Real Estate in a research note on Friday, July 19th. JPMorgan Chase & Co. reduced their price target on Ares Commercial Real Estate from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. StockNews.com downgraded Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, Wells Fargo & Company downgraded Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $7.50 to $7.00 in a report on Friday, September 20th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Ares Commercial Real Estate presently has a consensus rating of “Hold” and a consensus target price of $7.10.

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.