Ares Commercial Real Estate (ACRE) Forms $14.05 Double Top; Last Week Entergy (ETR) Coverage

Ares Commercial Real Estate Corporation (ACRE) formed double top with $15.03 target or 7.00% above today’s $14.05 share price. Ares Commercial Real Estate Corporation (ACRE) has $401.03 million valuation. The stock increased 0.64% or $0.09 during the last trading session, reaching $14.05. About 142,200 shares traded or 8.95% up from the average. Ares Commercial Real Estate Corporation (NYSE:ACRE) has risen 4.87% since January 10, 2018 and is uptrending. It has outperformed by 4.87% the S&P500. Some Historical ACRE News: 01/05/2018 – Ares Commercial Real Est 1Q EPS 33c; 23/05/2018 – Ares Commercial Real Estate Corporation to Present on a Panel at the Keefe, Bruyette & Woods 2018 Mortgage Finance & Asset Management Conference; 28/03/2018 – Ares Commercial Non-Deal Roadshow Scheduled By KBW for Apr. 4; 24/04/2018 – Ares Commercial Real Estate Corporation Appoints Edmond N. Moriarty, lll to its Board of Directors; 24/04/2018 – Ares Comml Real Estate Corp Appoints Edmond N. Moriarty III to Its Bd of Directors; 25/04/2018 – Ares Commercial Real Estate Corporation Schedules Earnings Release for the First Quarter Ended March 31, 2018; 23/05/2018 – Ares Commercial Real Estate Corporation to Present on a Panel at the Keefe, Bruyette & Woods 2018 Mortgage Finance & Asset; 04/04/2018 – Ares Commercial at Non-Deal Roadshow Hosted By KBW Today; 01/05/2018 – ARES COMMERCIAL 1Q ADJ EPS 33C, EST. 30C; 01/05/2018 – ARES COMMERCIAL 1Q EPS 33C

Among 8 analysts covering Entergy (NYSE:ETR), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Entergy had 11 analyst reports since July 16, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, July 20 by Goldman Sachs. Wells Fargo maintained Entergy Corporation (NYSE:ETR) on Monday, September 17 with “Outperform” rating. The stock of Entergy Corporation (NYSE:ETR) earned “Equal-Weight” rating by Morgan Stanley on Monday, July 16. The firm has “Neutral” rating given on Wednesday, August 29 by JP Morgan. The firm has “Equal-Weight” rating given on Tuesday, September 11 by Morgan Stanley. Citigroup maintained Entergy Corporation (NYSE:ETR) rating on Wednesday, October 17. Citigroup has “Buy” rating and $89 target. UBS upgraded Entergy Corporation (NYSE:ETR) on Friday, August 3 to “Buy” rating. The company was maintained on Friday, September 21 by Morgan Stanley. The firm has “Buy” rating given on Thursday, August 23 by Bank of America. Morgan Stanley maintained it with “Equal-Weight” rating and $86 target in Thursday, October 11 report. See Entergy Corporation (NYSE:ETR) latest ratings:

17/10/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $88 New Target: $89 Maintain
11/10/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $85 New Target: $86 Maintain
21/09/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $87 New Target: $85 Maintain
17/09/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Outperform Old Target: $91 New Target: $95 Maintain
11/09/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $83 New Target: $87 Maintain
29/08/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $82 New Target: $85 Maintain
23/08/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $89 New Target: $90 Maintain
03/08/2018 Broker: UBS Old Rating: Neutral New Rating: Buy Old Target: $85 New Target: $92 Upgrade
24/07/2018 Broker: Howard Weil Rating: Sector Perform Initiates Coverage On
20/07/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Old Target: $87 New Target: $88 Upgrade

Since December 12, 2018, it had 0 insider buys, and 1 insider sale for $193,784 activity. Henderson James Alan also sold $193,784 worth of Ares Commercial Real Estate Corporation (NYSE:ACRE) shares.

Analysts await Ares Commercial Real Estate Corporation (NYSE:ACRE) to report earnings on March, 7. They expect $0.32 earnings per share, up 28.00% or $0.07 from last year’s $0.25 per share. ACRE’s profit will be $9.13 million for 10.98 P/E if the $0.32 EPS becomes a reality. After $0.35 actual earnings per share reported by Ares Commercial Real Estate Corporation for the previous quarter, Wall Street now forecasts -8.57% negative EPS growth.

Among 4 analysts covering Ares Commercial Real (NYSE:ACRE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Ares Commercial Real had 5 analyst reports since July 23, 2018 according to SRatingsIntel. As per Wednesday, October 24, the company rating was maintained by JP Morgan. Credit Suisse maintained Ares Commercial Real Estate Corporation (NYSE:ACRE) rating on Tuesday, August 21. Credit Suisse has “Neutral” rating and $14.5 target. JMP Securities maintained Ares Commercial Real Estate Corporation (NYSE:ACRE) rating on Monday, July 30. JMP Securities has “Market Outperform” rating and $15 target. The firm earned “Neutral” rating on Monday, July 23 by JP Morgan.

Investors sentiment decreased to 1.32 in Q3 2018. Its down 0.17, from 1.49 in 2018Q2. It turned negative, as 7 investors sold Ares Commercial Real Estate Corporation shares while 30 reduced holdings. 11 funds opened positions while 38 raised stakes. 17.51 million shares or 0.98% more from 17.34 million shares in 2018Q2 were reported. Schwab Charles Investment Mgmt stated it has 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Metropolitan Life Ins Ny reported 0% of its portfolio in Ares Commercial Real Estate Corporation (NYSE:ACRE). Cambridge Rech Advsrs accumulated 12,695 shares. State Street Corporation stated it has 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Lsv Asset Mngmt accumulated 175,700 shares. Advisory Network Limited Liability Company has 100 shares for 0% of their portfolio. The North Carolina-based Atria Investments Limited Liability Company has invested 0.01% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Prudential Fincl invested in 0% or 34,710 shares. Citigroup has invested 0% of its portfolio in Ares Commercial Real Estate Corporation (NYSE:ACRE). Alliancebernstein L P reported 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Strs Ohio invested 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Joel Isaacson Ltd has invested 0.19% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Comml Bank Of America Corp De owns 302,290 shares for 0% of their portfolio. Sei Invs holds 0% or 17,821 shares. Goldman Sachs Gp holds 0% or 82,072 shares in its portfolio.

Since August 15, 2018, it had 0 insider buys, and 17 sales for $19.40 million activity. Shares for $7.82M were sold by WEST RODERICK K. 5,000 shares valued at $450,000 were sold by HINNENKAMP PAUL D on Wednesday, December 12. Brown Marcus V had sold 3,600 shares worth $308,304. 6,233 shares were sold by Rainer Sallie T, worth $548,504. May Phillip R Jr sold $671,500 worth of stock. Another trade for 5,200 shares valued at $442,000 was made by VINCI DONALD W on Wednesday, August 15. The insider FISACKERLY HALEY sold 500 shares worth $43,530.

Investors sentiment decreased to 1.04 in Q3 2018. Its down 0.16, from 1.2 in 2018Q2. It worsened, as 26 investors sold Entergy Corporation shares while 172 reduced holdings. 69 funds opened positions while 137 raised stakes. 154.90 million shares or 1.53% less from 157.30 million shares in 2018Q2 were reported. Putnam Invests Lc accumulated 569,393 shares. Sterling Capital Ltd Com stated it has 31,820 shares. Sandy Spring Bank holds 0% or 14 shares. Plante Moran Ltd invested 0.09% in Entergy Corporation (NYSE:ETR). Gofen And Glossberg Limited Il holds 6,735 shares or 0.02% of its portfolio. 31,357 are held by Gsa Cap Prns Llp. Raymond James & has 0.06% invested in Entergy Corporation (NYSE:ETR) for 467,654 shares. Retirement Of Alabama invested in 83,403 shares or 0.03% of the stock. Employees Retirement Sys Of Texas invested in 8,000 shares or 0.01% of the stock. Nordea Invest Mgmt has invested 0% in Entergy Corporation (NYSE:ETR). State Of Tennessee Treasury Department reported 40,372 shares stake. Engineers Gate Manager Lp stated it has 0.45% in Entergy Corporation (NYSE:ETR). Bnp Paribas Arbitrage has 217,790 shares for 0% of their portfolio. Lombard Odier Asset Management (Switzerland) accumulated 0.15% or 19,258 shares. Gemmer Asset Management Lc invested 0% of its portfolio in Entergy Corporation (NYSE:ETR).

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company has market cap of $16.06 billion. It operates through two divisions, Utility and Entergy Wholesale Commodities. It has a 35.68 P/E ratio. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

Another recent and important Entergy Corporation (NYSE:ETR) news was published by Seekingalpha.com which published an article titled: “Duke Energy downgraded at BAML on valuation, Atlantic Coast pipeline risks – Seeking Alpha” on January 09, 2019.

Entergy Corporation (NYSE:ETR) Institutional Positions Chart

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