Analysts See $0.27 EPS for Ares Commercial Real Estate Corp (ACRE)

October 14, 2017 - By Michael Collier

 Analysts See $0.27 EPS for Ares Commercial Real Estate Corp (ACRE)
Investors sentiment increased to 1.07 in Q2 2017. Its up 0.11, from 0.96 in 2017Q1. It improved, as 14 investors sold Ares Commercial Real Estate Corp shares while 32 reduced holdings. 17 funds opened positions while 32 raised stakes. 18.00 million shares or 1.24% more from 17.78 million shares in 2017Q1 were reported.
California State Teachers Retirement Systems has 0% invested in Ares Commercial Real Estate Corp (NYSE:ACRE). The Illinois-based Envestnet Asset Mngmt Inc has invested 0% in Ares Commercial Real Estate Corp (NYSE:ACRE). Pnc Financial Serv Grp invested in 55,212 shares or 0% of the stock. Alleghany Corp De holds 0.06% of its portfolio in Ares Commercial Real Estate Corp (NYSE:ACRE) for 125,115 shares. 603,248 were accumulated by Alliancebernstein L P. Legal & General Group Incorporated Pcl holds 6,622 shares. Millennium Mgmt Lc invested in 0% or 154,289 shares. Boston holds 0.04% of its portfolio in Ares Commercial Real Estate Corp (NYSE:ACRE) for 2.15 million shares. Telemus Capital Lc stated it has 428,630 shares or 0.77% of all its holdings. Assetmark reported 0% in Ares Commercial Real Estate Corp (NYSE:ACRE). Us Natl Bank De accumulated 127 shares. Art Advsr Ltd Liability owns 0.01% invested in Ares Commercial Real Estate Corp (NYSE:ACRE) for 11,843 shares. Nomura reported 437,401 shares. Deutsche Natl Bank Ag reported 0% in Ares Commercial Real Estate Corp (NYSE:ACRE). Aperio Group Llc, California-based fund reported 22,793 shares.

Since May 8, 2017, it had 2 insider buys, and 0 selling transactions for $525,029 activity. Another trade for 10,000 shares valued at $130,365 was made by Rosen Robert L on Wednesday, May 10. $394,664 worth of Ares Commercial Real Estate Corp (NYSE:ACRE) was bought by Arougheti Michael J.

Analysts await Ares Commercial Real Estate Corp (NYSE:ACRE) to report earnings on November, 2. They expect $0.27 earnings per share, down 12.90 % or $0.04 from last year’s $0.31 per share. ACRE’s profit will be $7.72 million for 12.63 P/E if the $0.27 EPS becomes a reality. After $0.24 actual earnings per share reported by Ares Commercial Real Estate Corp for the previous quarter, Wall Street now forecasts 12.50 % EPS growth. The stock increased 0.59% or $0.08 during the last trading session, reaching $13.64. About 153,216 shares traded or 48.48% up from the average. Ares Commercial Real Estate Corp (NYSE:ACRE) has risen 14.17% since October 14, 2016 and is uptrending. It has underperformed by 2.53% the S&P500.

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

Among 7 analysts covering Ares Commercial Real Estate (NYSE:ACRE), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Ares Commercial Real Estate had 13 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Market Perform” on Friday, August 5. On Tuesday, November 22 the stock rating was maintained by FBR Capital with “Outperform”. The company was maintained on Friday, October 6 by Keefe Bruyette & Woods. The stock has “Market Outperform” rating by JMP Securities on Monday, August 7. The firm has “Buy” rating by Citigroup given on Thursday, August 11. The stock has “Underperform” rating by Bank of America on Thursday, December 15. The stock of Ares Commercial Real Estate Corp (NYSE:ACRE) has “Hold” rating given on Thursday, August 17 by Keefe Bruyette & Woods. On Wednesday, June 7 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

Ares Commercial Real Estate Corporation is a specialty finance company. The company has market cap of $389.87 million. The Firm is primarily engaged in originating and investing in commercial real estate loans and related investments. It has a 14.08 P/E ratio. The Firm operates through principal lending segment.

More notable recent Ares Commercial Real Estate Corp (NYSE:ACRE) news were published by: Businesswire.com which released: “Ares Commercial Real Estate Corporation Reports Second Quarter 2017 Results” on August 03, 2017, also Seekingalpha.com with their article: “Ares Commercial Real Estate’s (ACRE) CEO Robert Rosen on Q1 2017 Results …” published on May 02, 2017, Seekingalpha.com published: “Ares Commercial Real Estate’s (ACRE) Q2 2017 Results – Earnings Call Transcript” on August 07, 2017. More interesting news about Ares Commercial Real Estate Corp (NYSE:ACRE) were released by: Businesswire.com and their article: “Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full-Year …” published on March 07, 2017 as well as Pehub.com‘s news article titled: “Sasidharan joins Ares Commercial Real Estate” with publication date: September 07, 2017.

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