Ares Commercial Real Estate Corp. (NYSE:ACRE) CEO Robert L. Rosen bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was purchased at an average cost of $12.35 per share, with a total value of $123,500.00. Following the purchase, the chief executive officer now directly owns 50,013 shares in the company, valued at approximately $617,660.55. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ares Commercial Real Estate Corp. (NYSE:ACRE) opened at 12.44 on Monday. The firm has a market cap of $353.53 million, a P/E ratio of 11.10 and a beta of 0.82. The company has a 50-day moving average of $12.65 and a 200 day moving average of $11.88. Ares Commercial Real Estate Corp. has a 52 week low of $8.91 and a 52 week high of $13.07.

Ares Commercial Real Estate Corp. (NYSE:ACRE) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Ares Commercial Real Estate Corp. had a return on equity of 6.33% and a net margin of 40.58%. The company earned $10.51 million during the quarter, compared to analysts’ expectations of $20.10 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities analysts predict that Ares Commercial Real Estate Corp. will post $1.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.04 annualized dividend and a dividend yield of 8.36%. Ares Commercial Real Estate Corp.’s payout ratio is 92.04%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BOKF NA boosted its position in Ares Commercial Real Estate Corp. by 0.5% in the second quarter. BOKF NA now owns 11,167 shares of the company’s stock valued at $138,000 after buying an additional 58 shares during the last quarter. Suntrust Banks Inc. boosted its position in Ares Commercial Real Estate Corp. by 1.8% in the second quarter. Suntrust Banks Inc. now owns 14,747 shares of the company’s stock valued at $180,000 after buying an additional 255 shares during the last quarter. Nationwide Fund Advisors boosted its position in Ares Commercial Real Estate Corp. by 3.9% in the second quarter. Nationwide Fund Advisors now owns 17,786 shares of the company’s stock valued at $219,000 after buying an additional 671 shares during the last quarter. Berson & Corrado Investment Advisors LLC boosted its position in Ares Commercial Real Estate Corp. by 1.0% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 81,790 shares of the company’s stock valued at $1,005,000 after buying an additional 770 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Ares Commercial Real Estate Corp. by 0.6% in the first quarter. Geode Capital Management LLC now owns 215,542 shares of the company’s stock valued at $2,359,000 after buying an additional 1,197 shares during the last quarter. 65.92% of the stock is owned by institutional investors.

ACRE has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Ares Commercial Real Estate Corp. from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 5th. Citigroup Inc. boosted their target price on shares of Ares Commercial Real Estate Corp. from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Credit Suisse Group AG reissued a “hold” rating and issued a $13.00 target price on shares of Ares Commercial Real Estate Corp. in a research note on Friday, September 9th. FBR & Co reissued a “buy” rating and issued a $13.00 target price on shares of Ares Commercial Real Estate Corp. in a research note on Wednesday, September 14th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Ares Commercial Real Estate Corp. in a research note on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Ares Commercial Real Estate Corp. presently has an average rating of “Hold” and a consensus target price of $13.00.

Ares Commercial Real Estate Corp. Company Profile

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking.

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