|Bid||13.52 x 300|
|Ask||13.55 x 300|
|Day's Range||13.52 - 13.61|
|52 Week Range||11.69 - 14.39|
|PE Ratio (TTM)||9.30|
|Earnings Date||Aug 2, 2017 - Aug 7, 2017|
|Dividend & Yield||1.08 (8.01%)|
|1y Target Est||14.22|
Credit Suisse We remain favorable on the commercial mortgage real-estate investment trust (mREIT) sector of the market with Outperform ratings on Starwood Property Trust and Blackstone Mortgage Trust. Against this backdrop we are increasing our target prices for Blackstone Mortgage (BXMT) to $33 from $32, and Ares Commercial Real Estate (ACRE) [rated at Neutral] to $14 from $13.50. One of the valuation metrics we like to use for the commercial mREITs is the dividend yields of the sector versus commercial mortgage-backed securities (CMBS) BBB- yields.
Ares Commercial Real Estate Corporation announced today that its President and Chief Investment Officer, Jamie Henderson and its Chief Financial Officer, Tae-Sik Yoon will present at the 2017 Keefe, Bruyette & Woods Mortgage Finance & Asset Management Conference in New York on Thursday, June 1, 2017 at 8:35 am EDT in New York City.
Q1 2017 Ares Commercial Real Estate Corp Earnings Call