Ares Commercial Real Estate (NYSE:ACRE) VP Anton Feingold Sells 7,606 Shares of Stock

Ares Commercial Real Estate Corporation (NYSE:ACRE) VP Anton Feingold sold 7,606 shares of Ares Commercial Real Estate stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $4.93, for a total transaction of $37,497.58. Following the transaction, the vice president owned 92,754 shares of the company’s stock, valued at $457,277.22. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ares Commercial Real Estate Stock Performance

Shares of Ares Commercial Real Estate stock traded up $0.12 during midday trading on Thursday, hitting $5.09. The company had a trading volume of 675,426 shares, compared to its average volume of 575,640. Ares Commercial Real Estate Corporation has a 52-week low of $3.35 and a 52-week high of $6.09. The stock has a market capitalization of $280.10 million, a P/E ratio of -33.93, a P/E/G ratio of 0.50 and a beta of 1.26. The company has a 50 day moving average of $5.04 and a 200 day moving average of $4.77.

Ares Commercial Real Estate (NYSE:ACRE) last released its earnings results on Friday, November 7th. The real estate investment trust reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.17. Ares Commercial Real Estate had a negative return on equity of 5.15% and a negative net margin of 13.02%.The business had revenue of $5.63 million for the quarter, compared to the consensus estimate of $11.35 million. Equities research analysts forecast that Ares Commercial Real Estate Corporation will post -0.34 EPS for the current year.

Ares Commercial Real Estate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.60 annualized dividend and a yield of 11.8%. Ares Commercial Real Estate’s payout ratio is -400.00%.

Institutional Investors Weigh In On Ares Commercial Real Estate

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of Ares Commercial Real Estate by 456.0% in the third quarter. Russell Investments Group Ltd. now owns 6,033 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 4,948 shares in the last quarter. CWM LLC grew its position in shares of Ares Commercial Real Estate by 94.3% during the second quarter. CWM LLC now owns 6,997 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 3,396 shares in the last quarter. Triumph Capital Management bought a new stake in Ares Commercial Real Estate during the 3rd quarter valued at approximately $38,000. BNP Paribas Financial Markets lifted its holdings in Ares Commercial Real Estate by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,367 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 5,192 shares in the last quarter. Finally, Strs Ohio bought a new position in Ares Commercial Real Estate in the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 41.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ares Commercial Real Estate in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised shares of Ares Commercial Real Estate from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $4.75 to $5.50 in a research report on Monday, December 15th. Zacks Research upgraded shares of Ares Commercial Real Estate from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. UBS Group raised their price target on Ares Commercial Real Estate from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Finally, Wall Street Zen raised Ares Commercial Real Estate from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ares Commercial Real Estate currently has a consensus rating of “Hold” and an average price target of $5.33.

About Ares Commercial Real Estate

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a publicly traded real estate investment trust (REIT) primarily focused on commercial real estate debt investments. Externally managed by an affiliate of Ares Management Corporation, ACRE seeks to generate attractive risk-adjusted returns through its diversified portfolio of CRE financing strategies. The company specializes in originating, acquiring, financing and managing first mortgages, mezzanine loans, preferred equity and other structured finance products.

Since its inception, Ares Commercial Real Estate has targeted a broad range of property types, including multifamily, office, industrial, retail and hospitality assets.