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

October 14, 2018 - By Clifton Ray

Investors sentiment increased to 1.49 in 2018 Q2. Its up 0.38, from 1.11 in 2018Q1. It improved, 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.
Raymond James And Associate holds 17,585 shares or 0% of its portfolio. Cambridge Investment Advsrs Incorporated has invested 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Grp holds 0% of its portfolio in Ares Commercial Real Estate Corporation (NYSE:ACRE) for 17,458 shares. Envestnet Asset reported 0% of its portfolio in Ares Commercial Real Estate Corporation (NYSE:ACRE). 20,629 are held by Arete Wealth Advsr Ltd Liability Corp. Telemus Llc, Michigan-based fund reported 582,995 shares. Geode Capital Management Lc accumulated 254,214 shares. Clear Harbor Asset Llc reported 169,317 shares or 0.44% of all its holdings. Strs Ohio reported 8,300 shares stake. Bard Associate has 129,775 shares for 0.83% of their portfolio. Thrivent Financial For Lutherans stated it has 168,292 shares or 0.01% of all its holdings. Royal Bank & Trust Of Canada invested in 0% or 60,688 shares. Boston Prtn owns 2.33 million shares. Millennium Mngmt Ltd Liability Company invested in 0.01% or 314,406 shares. 462,633 were reported by Nomura Inc.

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. JMP Securities maintained the stock with “Market Outperform” rating in Monday, July 30 report. The rating was maintained by Credit Suisse on Tuesday, August 21 with “Neutral”. Bank of America upgraded the stock to “Buy” rating in Wednesday, May 2 report. As per Wednesday, May 23, the company rating was downgraded by Bank of America.

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

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