Ares Commercial Real Estate (ACRE) News Today

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) has been given an average rating of "Reduce" by the seven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The aver

Van ECK Associates Corp lifted its position in Ares Commercial Real Estate Co. (NYSE:ACRE - Free Report) by 26.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 524,694 shares of the

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 1,790,000 shares, a drop of 16.4% from the July 31st total of 2,140,000 shares. Based on an average daily volume of 523,900 shares, the days-to-cover ratio is currently 3.4 days.

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 2,140,000 shares, a drop of 12.7% from the July 15th total of 2,450,000 shares. Based on an average daily trading volume, of 551,600 shares, the days-to-cover ratio is currently 3.9 days.

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) has received an average rating of "Reduce" from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendat

StockNews.com raised Ares Commercial Real Estate from a "sell" rating to a "hold" rating in a research note on Wednesday.

Ares Commercial Real Estate Co. (NYSE:ACRE) declared a quarterly dividend on Tuesday, August 6th. Stockholders of record on Monday, September 30th will be given a dividend of 0.25 per share by the real estate investment trust on Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date of this dividend is Monday, September 30th.

Ares Commercial Real Estate (NYSE:ACRE) will be releasing earnings before the market opens on Tuesday, August 6, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=613421)

MGO One Seven LLC increased its stake in shares of Ares Commercial Real Estate Co. (NYSE:ACRE - Free Report) by 2,609.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 570,331 shares of

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 2,320,000 shares, a growth of 11.0% from the April 30th total of 2,090,000 shares. Based on an average daily volume of 662,400 shares, the short-interest ratio is currently 3.5 days.

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) has been given an average rating of "Reduce" by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on

Access Investment Management LLC purchased a new position in Ares Commercial Real Estate Co. (NYSE:ACRE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 119,390 shares of the real estate i

Ares Commercial Real Estate (NYSE:ACRE - Get Free Report) issued its quarterly earnings data on Thursday. The real estate investment trust reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.34). The firm had revenue of $18.69 million for the quarter, compared to analysts' expectations of $43.77 million. Ares Commercial Real Estate had a positive return on equity of 8.00% and a negative net margin of 43.30%. During the same period in the previous year, the business posted $0.26 EPS.

Ares Commercial Real Estate Co. (NYSE:ACRE) announced a quarterly dividend on Thursday, May 9th. Stockholders of record on Friday, June 28th will be given a dividend of 0.25 per share by the real estate investment trust on Tuesday, July 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.56%. The ex-dividend date of this dividend is Friday, June 28th.

Keefe, Bruyette & Woods reduced their price objective on shares of Ares Commercial Real Estate from $7.50 to $7.00 and set a "market perform" rating for the company in a research report on Friday.

Keefe, Bruyette & Woods reduced their price objective on shares of Ares Commercial Real Estate from $8.00 to $7.50 and set a "market perform" rating for the company in a research note on Wednesday.