Ares Commercial Real Estate (NYSE:ACRE) Stock Passes Above 200 Day Moving Average – Should You Sell?

Ares Commercial Real Estate Corporation (NYSE:ACRE) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.54 and traded as high as $4.71. Ares Commercial Real Estate shares last traded at $4.70, with a volume of 282,369 shares traded.

Analyst Ratings Changes

ACRE has been the topic of several analyst reports. Wall Street Zen lowered Ares Commercial Real Estate from a “hold” rating to a “strong sell” rating in a report on Saturday, August 9th. UBS Group reduced their target price on Ares Commercial Real Estate from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Ares Commercial Real Estate in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on Ares Commercial Real Estate from $4.25 to $4.50 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, Zacks Research raised Ares Commercial Real Estate to a “hold” rating in a research note on Monday, August 11th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $4.83.

Ares Commercial Real Estate Stock Up 1.8%

The stock has a 50 day moving average price of $4.67 and a 200 day moving average price of $4.54. The stock has a market capitalization of $258.27 million, a price-to-earnings ratio of -13.81 and a beta of 1.32.

Ares Commercial Real Estate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Ares Commercial Real Estate’s dividend payout ratio (DPR) is presently -176.47%.

Hedge Funds Weigh In On Ares Commercial Real Estate

A number of hedge funds have recently made changes to their positions in ACRE. Marshall Wace LLP bought a new position in shares of Ares Commercial Real Estate during the second quarter worth about $2,685,000. Cura Wealth Advisors LLC raised its position in shares of Ares Commercial Real Estate by 32.1% during the first quarter. Cura Wealth Advisors LLC now owns 963,485 shares of the real estate investment trust’s stock worth $4,461,000 after acquiring an additional 234,258 shares during the last quarter. Delphi Financial Group Inc. bought a new position in shares of Ares Commercial Real Estate during the first quarter worth about $995,000. GSA Capital Partners LLP bought a new position in shares of Ares Commercial Real Estate during the first quarter worth about $661,000. Finally, Nuveen LLC bought a new position in shares of Ares Commercial Real Estate during the first quarter worth about $554,000. 41.34% of the stock is currently owned by institutional investors.

Ares Commercial Real Estate Company Profile

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.