Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Ares Commercial Real (ACRE) Stock Price

Press coverage about Ares Commercial Real (NYSE:ACRE) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Commercial Real earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.423928327542 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

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Ares Commercial Real stock opened at $12.37 on Wednesday. Ares Commercial Real has a twelve month low of $11.96 and a twelve month high of $14.22. The company has a market cap of $353.48, a price-to-earnings ratio of 11.14 and a beta of 0.60.

Ares Commercial Real (NYSE:ACRE) last posted its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Ares Commercial Real had a return on equity of 7.54% and a net margin of 31.17%. The company had revenue of $25.22 million during the quarter, compared to analysts’ expectations of $11.35 million. During the same period last year, the firm earned $0.28 EPS. equities analysts predict that Ares Commercial Real will post 1.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 17th. Shareholders of record on Thursday, March 29th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 9.05%. This is a boost from Ares Commercial Real’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, March 28th. Ares Commercial Real’s dividend payout ratio (DPR) is presently 100.90%.

A number of analysts have weighed in on the company. Zacks Investment Research raised Ares Commercial Real from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, February 13th. B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of Ares Commercial Real in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.13.

In other Ares Commercial Real news, Director William Stephen Benjamin bought 12,715 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was acquired at an average cost of $12.32 per share, with a total value of $156,648.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.75% of the company’s stock.

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About Ares Commercial Real

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments.

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