Ares Commercial Real Estate Corp (ACRE) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.18 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.22. Analysts expectations of $11.01 million. During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on Ares Commercial Real Estate Corp. Shares were Reiterated by FBR Capital on Mar 2, 2016 to “Outperform” and Lowered the Price Target to $ 13 from a previous price target of $13.50 .
Ares Commercial Real Estate Corp opened for trading at $11.74 and hit $11.94 on the upside on Wednesday, eventually ending the session at $11.86, with a gain of 0.34% or 0.04 points. The heightened volatility saw the trading volume jump to 84,875 shares. Company has a market cap of $339 M.
In a different news, on May 13, 2015, Todd Schuster (CEO) purchased 12,500 shares at $11.60 per share price.
Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily focused on directly originating managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. Its target investments include senior loans bridge loans subordinated debt preferred equity and other CRE investments. Ares Management L.P. is the manager of ACRE. The Company operates in two business segments: principal lending and mortgage banking. In its principal lending business the Company originates invests in manages and services middle-market CRE loans and other CRE-related investments for its own account. In its mortgage banking business conducted through a subsidiary ACRE Capital LLC the Company originates sells and retains servicing of primarily multifamily and other senior-living related CRE loans.