Ares Commercial Real Estate Corporation (ACRE) Receives $14.31 Average PT from Brokerages

SOL Capital Management CO's holdings in Apollo Commercial Real Estate Finance were worth $464,000 at the end of the most recent reporting period. Aperio Group, LLC reduced its position by shedding 186 shares a decrease of 0.8% from 06/30/2017 to 09/30/2017. Raymond James Financial Services Advisors, Inc. bolstered its position by buying 9,659 shares an increase of 11.0% in the quarter. Ameritas Investment Partners Inc. now owns 8,076 shares of the real estate investment trust's stock valued at $150,000 after purchasing an additional 1,196 shares during the period.

On August 7 JMP Securities made no change to the company rating of "Market Outperform" but moved up the price target from $13.50 to $14.50. Finally, Advisors Asset Management Inc. raised its position in shares of Apollo Commercial Real Estate Finance by 42.6% during the 2nd quarter. California Public Employees Retirement System now owns 48,600 shares of the real estate investment trust's stock worth $650,000 after purchasing an additional 24,200 shares during the period. With short interest at 181,877 and short average daily volume at 82,232, days to cover is 2.0 and the percentage of shorted shares was 0.01% on October 13.

The P/E ratio is now 9.32 and the market cap is 370.67M. Ares Commercial Real Estate Corp. has a 12 month low of $8.91 and a 12 month high of $13.07.

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It is now trading at $18.07 just below $18.24, the stock's 50 day moving average and marginally under the 200 day moving average of $18.37.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data on Tuesday, August 1st.

In terms of earnings per share, 5 analysts have a 0.30 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 4 analysts have a 0.31 EPS mean target and for the quarter ending Mar-18 there are 6 estimates of 1.05 EPS. The company had revenue of $62.22 million for the quarter, compared to analyst estimates of $63.75 million.

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State of Alaska Department of Revenue acquired a new position in J P Morgan Chase & Co during the 1st quarter worth $582,000. Also, CFO Marianne Lake sold 14,083 shares of the business's stock in a transaction that occurred on Monday, October 17th.

Apollo Commercial Real Estate Finance, Inc., launched on June 29, 2009, is a real estate investment trust. The business's revenue was up 32.6% on a year-over-year basis. The dividend was $0.460 per share for the quarter or $1.84 annualized. During the same period in the prior year, the firm posted $0.31 EPS. The company also declared a dividend that was paid on Monday the 16th of October 2017. Investors of record on Friday, September 30th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, September 28th.

Apollo Commercial Real Estate F's P/E ratio is 8.95 and the market cap of the company is 1.91B.

ILLEGAL ACTIVITY NOTICE: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA and global copyright and trademark law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/31/apollo-commercial-real-estate-finance-ari-stake-increased-by-sol-capital-management-co.html. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Finally, Keefe, Bruyette & Woods set a $14.00 target price on shares of Ares Commercial Real Estate Corporation and gave the stock a "hold" rating in a research note on Thursday, August 17th. BidaskClub downgraded shares of Ares Commercial Real Estate Corporation from a "hold" rating to a "sell" rating in a research note on Thursday, September 14th. Credit Suisse Group restated a "hold" rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th.

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Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) have received an average recommendation of "Hold" from the eight research firms that are now covering the firm, Marketbeat reports. Edge Wealth Management LLC increased its stake in Ares Commercial Real Estate Corp.by 39.1% in the second quarter. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account.

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