Streetbeat News

ACRE

Ares Commercial Real Estate Corporation

https://www.arescre.com

Industry

REIT - Mortgage

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. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities. The company has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was incorporated in 2011 and is based in New York, New York.

Open

6.91

Mkt cap

381M

Volume

424K

High

7.04

P/E Ratio

-5.92

52-wk high

11.24

Low

6.86

Div yield

0.15

52-wk low

6.25

Ares Commercial Real Estate (ACRE) reported Q1 2024 adjusted EPS of $(0.62), missing the $(0.23) estimate, and sales of $18.692M, beating the $17.080M estimate. This represents a significant decrease in earnings and a decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:03 am

Keefe, Bruyette & Woods analyst Jade Rahmani maintains a Market Perform rating on Ares Commercial Real Estate (ACRE) and lowers the price target from $8 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:52 pm

Ares Comml Real Est (NYSE:ACRE) has received mixed analyst ratings, with a notable negative shift in sentiment. The average 12-month price target was lowered by 22.84% to $7.6. Analysts from JP Morgan, UBS, B of A Securities, and Keefe, Bruyette & Woods have all lowered their price targets, reflecting concerns over ACRE's financial health, including a significant revenue decline of -45.55%, a net margin of -238.04%, and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

JP Morgan analyst Richard Shane maintains a Neutral rating on Ares Commercial Real Estate (ACRE) and lowers the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:42 pm

Insiders have made notable purchases in shares of General American Investors Company (GAM), AMREP Corporation (AXR), and Ares Commercial Real Estate (ACRE), indicating their confidence in these companies. AMREP reported a significant decrease in earnings per share in its fiscal third quarter of 2024 compared to the previous year. Ares Commercial Real Estate received a downgrade from B of A Securities, with a lowered price target. General American Investors has seen an 8% stock increase year-to-date.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:53 pm

Bank of America downgraded six commercial real estate mortgage REITs due to interest rate headwinds and weakening fundamentals, predicting a challenging future for the sector. The downgrades were based on concerns such as significant office exposure, looming portfolio maturities, credit issues, and potential for further dividend cuts. The office sector's slow return-to-office trend and minimal rent growth were highlighted as contributing factors. Shares of the downgraded companies fell following the announcement.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 5:58 pm

Ares Comml Real Est (NYSE:ACRE) has seen a negative shift in analyst sentiment over the past quarter, with a decrease in the average price target by 18.24% to $8.38. Analysts from B of A Securities, Keefe, Bruyette & Woods, JP Morgan, and UBS have adjusted their ratings and price targets, reflecting concerns over the company's financial performance, including a significant revenue decline of -45.55% and challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:01 pm

B of A Securities analyst Eric Dray downgraded Ares Comml Real Est (ACRE) from Buy to Underperform and reduced the price target from $11 to $7.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:02 pm

Wall Street's most accurate analysts recommend holding three financial stocks with dividend yields over 12%: Two Harbors Investment Corp. (TWO), Ready Capital Corporation (RC), and Ares Commercial Real Estate Corporation (ACRE). These recommendations come amidst market turbulence, with recent financial performances including a wider-than-expected quarterly loss for TWO, downbeat quarterly results for RC, and a fourth-quarter profit for ACRE.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:50 pm

Keefe, Bruyette & Woods analyst Jade Rahmani maintains a Market Perform rating on Ares Commercial Real Estate (ACRE) and lowers the price target from $10.25 to $8.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:23 pm

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