Ares Business Actual Property (NYSE:ACRE – Get Rating) was upgraded by Zacks Investment Research from a “promote” ranking to a “maintain” ranking in a analysis report issued on Monday, Zacks.com experiences.
In keeping with Zacks, “Ares Business Actual Property Company is a specialty finance firm centered on originating, investing in and managing middle-market business actual property loans and different business actual property investments. The Firm’s financing options are comprised of its goal investments, which embrace the next: Transitional senior mortgage loans, Stretch senior mortgage loans, Subordinate debt mortgage loans and Different CRE debt and most popular fairness investments. Ares Business Actual Property Company is predicated in Chicago, Illinois. “
Shares of Ares Commercial Real Estate stock traded up $0.09 throughout noon buying and selling on Monday, reaching $15.52. The corporate had a buying and selling quantity of 28,243 shares, in comparison with its common quantity of 500,491. The inventory has a fifty day transferring common worth of $14.62 and a 200 day transferring common worth of $15.02. The corporate has a debt-to-equity ratio of two.76, a present ratio of 1.01 and a fast ratio of 1.01. The agency has a market cap of $732.89 million, a PE ratio of 10.70 and a beta of 1.25. Ares Business Actual Property has a fifty-two week low of $13.48 and a fifty-two week excessive of $16.98.
Ares Business Actual Property (NYSE:ACRE – Get Rating) final issued its quarterly earnings outcomes on Monday, February 14th. The true property funding belief reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Ares Business Actual Property had a return on fairness of 9.83% and a internet margin of 59.23%. Throughout the identical interval final yr, the agency earned $0.40 EPS. As a bunch, sell-side analysts forecast that Ares Business Actual Property will submit 1.42 EPS for the present yr.
In different information, CEO Bryan Patrick Donohoe offered 8,813 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, January 18th. The inventory was offered at a median worth of $14.96, for a complete transaction of $131,842.48. The transaction was disclosed in a submitting with the Securities & Change Fee, which is offered at this link. Additionally, Director William Stephen Benjamin acquired 18,000 shares of the agency’s inventory in a transaction dated Wednesday, February twenty third. The shares had been bought at a median worth of $14.05 per share, with a complete worth of $252,900.00. The disclosure for this buy may be discovered here. 1.96% of the inventory is at present owned by insiders.
Institutional buyers have not too long ago made modifications to their positions within the inventory. Capital Analysts LLC purchased a brand new stake in Ares Business Actual Property throughout the third quarter price $48,000. Penserra Capital Administration LLC purchased a brand new stake in Ares Business Actual Property throughout the third quarter price $81,000. Metropolitan Life Insurance coverage Co NY grew its holdings in Ares Business Actual Property by 105,411.1% throughout the second quarter. Metropolitan Life Insurance coverage Co NY now owns 9,496 shares of the actual property funding belief’s inventory price $139,000 after shopping for an extra 9,487 shares within the final quarter. Strs Ohio grew its holdings in Ares Business Actual Property by 14.8% throughout the third quarter. Strs Ohio now owns 10,100 shares of the actual property funding belief’s inventory price $152,000 after shopping for an extra 1,300 shares within the final quarter. Lastly, LPL Monetary LLC purchased a brand new stake in Ares Business Actual Property throughout the fourth quarter price $154,000. Institutional buyers and hedge funds personal 52.19% of the corporate’s inventory.
About Ares Business Actual Property (Get Rating)
Ares Business Actual Property Corp. engages in originating and investing in business actual property loans and associated investments. Its goal investments embrace senior mortgage loans, subordinated debt, most popular fairness, mezzanine loans, and different CRE investments, in addition to business mortgage backed securities.
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