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 Ares Commercial Real Estate 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 completion of the sale, the vice president now directly owns 78,360 shares in the company, valued at approximately $445,084.80. This represents a 8.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ares Commercial Real Estate Price Performance

Shares of ACRE stock traded up $0.18 during trading on Tuesday, hitting $5.86. The company had a trading volume of 407,837 shares, compared to its average volume of 511,613. 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 firm has a market capitalization of $319.33 million, a P/E ratio of -4.96 and a beta of 1.50. The stock’s 50-day moving average price is $6.28 and its 200 day moving average price is $6.75. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 17.08%. The ex-dividend date was Tuesday, December 31st. Ares Commercial Real Estate’s dividend payout ratio (DPR) is currently -84.75%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Ares Commercial Real Estate by 187.3% during the third quarter. JPMorgan Chase & Co. now owns 415,332 shares of the real estate investment trust’s stock valued at $2,907,000 after purchasing an additional 270,791 shares in the last quarter. Geode Capital Management LLC raised its position in Ares Commercial Real Estate by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,272,163 shares of the real estate investment trust’s stock valued at $8,907,000 after purchasing an additional 16,309 shares in the last quarter. FMR LLC raised its position in Ares Commercial Real Estate by 211.0% during the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,252 shares in the last quarter. State Street Corp raised its position in Ares Commercial Real Estate by 2.3% during the third quarter. State Street Corp now owns 1,052,314 shares of the real estate investment trust’s stock valued at $7,627,000 after purchasing an additional 23,845 shares in the last quarter. Finally, Barclays PLC raised its position in Ares Commercial Real Estate by 279.8% during the third quarter. Barclays PLC now owns 69,821 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 51,435 shares in the last quarter. 41.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACRE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating for the company in a report 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 for the company in a report on Tuesday, January 21st. StockNews.com upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.80.

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.