Ares Commercial Real Estate (NYSE:ACRE) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Ares Commercial Real Estate (NYSE:ACRE – Get Rating) in a report published on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Keefe, Bruyette & Woods downgraded Ares Commercial Real Estate from an outperform rating to a market perform rating and set a $12.50 target price for the company. in a report on Tuesday, March 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $13.14.

Ares Commercial Real Estate Trading Down 3.5 %

Shares of Ares Commercial Real Estate stock opened at $8.83 on Thursday. The business has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.59. Ares Commercial Real Estate has a 1 year low of $8.73 and a 1 year high of $16.48. The company has a market capitalization of $482.21 million, a price-to-earnings ratio of 14.72 and a beta of 1.40. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.35 and a quick ratio of 1.35.

Ares Commercial Real Estate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 18th. Investors of record on Friday, March 31st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 15.86%. The ex-dividend date is Thursday, March 30th. Ares Commercial Real Estate’s payout ratio is currently 220.00%.

Insider Buying and Selling

In related news, CEO Bryan Patrick Donohoe sold 15,072 shares of the firm’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $10.91, for a total value of $164,435.52. Following the transaction, the chief executive officer now owns 157,282 shares in the company, valued at $1,715,946.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Anton Feingold sold 3,166 shares of the firm’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $10.87, for a total value of $34,414.42. Following the transaction, the vice president now owns 53,865 shares in the company, valued at $585,512.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bryan Patrick Donohoe sold 15,072 shares of Ares Commercial Real Estate stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $10.91, for a total value of $164,435.52. Following the completion of the transaction, the chief executive officer now owns 157,282 shares in the company, valued at approximately $1,715,946.62. The disclosure for this sale can be found here. 1.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACRE. JPMorgan Chase & Co. grew its position in Ares Commercial Real Estate by 52.1% in the second quarter. JPMorgan Chase & Co. now owns 1,952,740 shares of the real estate investment trust’s stock valued at $23,881,000 after acquiring an additional 668,656 shares during the last quarter. Millennium Management LLC bought a new position in Ares Commercial Real Estate in the second quarter valued at about $8,022,000. Balyasny Asset Management LLC grew its position in Ares Commercial Real Estate by 605.8% in the third quarter. Balyasny Asset Management LLC now owns 619,937 shares of the real estate investment trust’s stock valued at $6,478,000 after acquiring an additional 532,103 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Ares Commercial Real Estate by 57.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,874 shares of the real estate investment trust’s stock valued at $14,971,000 after acquiring an additional 530,062 shares during the last quarter. Finally, Conversant Capital LLC bought a new position in Ares Commercial Real Estate in the fourth quarter valued at about $4,373,000. Institutional investors own 46.63% of the company’s stock.

Ares Commercial Real Estate Company Profile

(Get Rating)

Ares Commercial Real Estate Corp. engages in originating and investing in commercial real estate loans and related investments. The company was founded in September 2011 and is headquartered in New York, NY.