Ares Commercial Real Estate Co. (NYSE:ACRE) VP Anton Feingold Sells 7,615 Shares

Ares Commercial Real Estate Co. (NYSE:ACRE) VP Anton Feingold sold 7,615 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $5.68, for a total value of $43,253.20. Following the transaction, the vice president now owns 78,360 shares in the company, valued at $445,084.80. This represents a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ares Commercial Real Estate Trading Up 3.1 %

ACRE stock traded up $0.18 during midday trading on Tuesday, hitting $5.86. 407,837 shares of the company’s stock were exchanged, compared to its average volume of 511,613. The stock’s fifty day moving average price is $6.28 and its 200-day moving average price is $6.75. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $319.33 million, a PE ratio of -4.96 and a beta of 1.50. Ares Commercial Real Estate Co. has a one year low of $5.33 and a one year high of $9.24.

Ares Commercial Real Estate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 17.08%. Ares Commercial Real Estate’s dividend payout ratio is presently -84.75%.

Institutional Trading of Ares Commercial Real Estate

Several hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund raised its stake in shares of Ares Commercial Real Estate by 160.9% in the 4th quarter. New York State Common Retirement Fund now owns 11,838 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 7,300 shares during the period. Bright Futures Wealth Management LLC. raised its stake in shares of Ares Commercial Real Estate by 4.7% in the 4th quarter. Bright Futures Wealth Management LLC. now owns 96,364 shares of the real estate investment trust’s stock valued at $543,000 after purchasing an additional 4,369 shares during the period. Van ECK Associates Corp raised its stake in shares of Ares Commercial Real Estate by 19.5% in the 4th quarter. Van ECK Associates Corp now owns 591,036 shares of the real estate investment trust’s stock valued at $3,481,000 after purchasing an additional 96,551 shares during the period. Inspire Investing LLC raised its stake in shares of Ares Commercial Real Estate by 17.8% in the 4th quarter. Inspire Investing LLC now owns 68,543 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 10,362 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Ares Commercial Real Estate by 19.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 37,339 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 6,072 shares during the period. Institutional investors and hedge funds own 41.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a research report on Monday, December 9th. Finally, StockNews.com upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, Ares Commercial Real Estate has a consensus rating of “Hold” and a consensus target price of $6.80.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities.