Ares Commercial Real Estate (NYSE:ACRE) Lowered to Sell at StockNews.com

StockNews.com lowered shares of Ares Commercial Real Estate (NYSE:ACRE) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

A number of other brokerages have also recently issued reports on ACRE. BTIG Research reiterated a neutral rating on shares of Ares Commercial Real Estate in a report on Friday, July 19th. Keefe, Bruyette & Woods lowered their price target on Ares Commercial Real Estate from $7.50 to $7.00 and set a market perform rating for the company in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $7.80.

Ares Commercial Real Estate Stock Performance

Shares of Ares Commercial Real Estate stock remained flat at $6.80 on Thursday. The company’s stock had a trading volume of 248,212 shares, compared to its average volume of 625,155. The firm has a market cap of $370.65 million, a P/E ratio of -8.20 and a beta of 1.46. Ares Commercial Real Estate has a 52-week low of $6.36 and a 52-week high of $11.24. The business has a 50 day moving average price of $7.14 and a 200-day moving average price of $7.35. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.29.

Ares Commercial Real Estate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 14.71%. Ares Commercial Real Estate’s dividend payout ratio is currently -120.48%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in Ares Commercial Real Estate in the 4th quarter worth approximately $29,000. Ameritas Advisory Services LLC purchased a new position in shares of Ares Commercial Real Estate during the second quarter valued at approximately $68,000. EntryPoint Capital LLC purchased a new position in shares of Ares Commercial Real Estate during the first quarter valued at approximately $84,000. XTX Topco Ltd purchased a new position in shares of Ares Commercial Real Estate during the second quarter valued at approximately $82,000. Finally, Quest Partners LLC boosted its position in shares of Ares Commercial Real Estate by 1,329,500.0% during the second quarter. Quest Partners LLC now owns 13,296 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 13,295 shares in the last quarter. Institutional investors own 41.34% of the company’s stock.

About Ares Commercial Real Estate

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.