Ares Industrial Actual Property (NYSE:ACRE) is scheduled to publish its quarterly earnings outcomes earlier than the market opens on Tuesday, February fifteenth. Analysts anticipate Ares Industrial Actual Property to publish earnings of $0.37 per share for the quarter. Person that want to register for the corporate’s earnings convention name can achieve this utilizing this link.
ACRE opened at $14.24 on Tuesday. Ares Industrial Actual Property has a 12 month low of $12.22 and a 12 month excessive of $16.98. The inventory has a market capitalization of $669.31 million, a price-to-earnings ratio of 9.37 and a beta of 1.25. The corporate has a debt-to-equity ratio of two.55, a present ratio of 0.33 and a fast ratio of 0.33. The enterprise has a fifty day shifting common value of $14.64 and a 200 day shifting common value of $15.14.
In different Ares Industrial Actual Property information, CEO Bryan Patrick Donohoe bought 8,813 shares of Ares Industrial Actual Property inventory in a transaction dated Tuesday, January 18th. The inventory was bought at a mean value of $14.96, for a complete transaction of $131,842.48. The sale was disclosed in a submitting with the Securities & Trade Fee, which could be accessed via the SEC website. 1.96% of the inventory is owned by insiders.
A number of institutional buyers have not too long ago purchased and bought shares of the corporate. American Worldwide Group Inc. lifted its holdings in shares of Ares Industrial Actual Property by 13.4% within the third quarter. American Worldwide Group Inc. now owns 23,955 shares of the true property funding belief’s inventory valued at $361,000 after buying a further 2,822 shares over the past quarter. Financial institution of New York Mellon Corp lifted its holdings in shares of Ares Industrial Actual Property by 12.4% within the third quarter. Financial institution of New York Mellon Corp now owns 177,349 shares of the true property funding belief’s inventory valued at $2,675,000 after buying a further 19,518 shares over the past quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Ares Industrial Actual Property by 107.1% within the third quarter. BNP Paribas Arbitrage SA now owns 12,816 shares of the true property funding belief’s inventory valued at $193,000 after buying a further 6,628 shares over the past quarter. UBS Group AG lifted its holdings in shares of Ares Industrial Actual Property by 10.7% within the third quarter. UBS Group AG now owns 70,500 shares of the true property funding belief’s inventory valued at $1,063,000 after buying a further 6,823 shares over the past quarter. Lastly, Royal Financial institution of Canada lifted its holdings in shares of Ares Industrial Actual Property by 9.2% within the third quarter. Royal Financial institution of Canada now owns 76,125 shares of the true property funding belief’s inventory valued at $1,147,000 after buying a further 6,384 shares over the past quarter. 51.79% of the inventory is owned by institutional buyers and hedge funds.
A number of analysis analysts not too long ago commented on the corporate. Zacks Investment Research lower Ares Industrial Actual Property from a “purchase” score to a “maintain” score in a analysis observe on Tuesday, January 4th. JMP Securities boosted their goal value on Ares Industrial Actual Property from $16.50 to $17.00 and gave the inventory a “market outperform” score in a analysis observe on Thursday, November 4th. Lastly, BTIG Analysis reissued a “purchase” score and set a $16.50 goal value on shares of Ares Industrial Actual Property in a analysis observe on Friday, November twelfth. Two analysis analysts have rated the inventory with a maintain score and 4 have issued a purchase score to the inventory. Primarily based on information from MarketBeat.com, the inventory has a mean score of “Purchase” and a consensus value goal of $15.92.
About Ares Industrial Actual Property
Ares Industrial Actual Property Corp. engages in originating and investing in business actual property loans and associated investments. The Firm’s investments embody senior mortgage loans, subordinated debt, most popular fairness, mezzanine loans and different business actual property investments, together with business mortgage backed securities, that are secured, straight or not directly, by workplace, multifamily, retail, industrial, lodging, senior-living, self storage, pupil housing and different business actual property properties, or by possession pursuits.
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