Anton Feingold Sells 935 Shares of Ares Commercial Real Estate Co. (NYSE:ACRE) Stock

Ares Commercial Real Estate Co. (NYSE:ACRE – Get Rating) VP Anton Feingold sold 935 shares of the firm’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $15.57, for a total value of $14,557.95. Following the transaction, the vice president now owns 37,531 shares in the company, valued at $584,357.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Anton Feingold also recently made the following trade(s):

• On Tuesday, January 18th, Anton Feingold sold 1,415 shares of Ares Commercial Real Estate stock. The stock was sold at an average price of $15.01, for a total value of $21,239.15.

Shares of NYSE:ACRE opened at $16.19 on Thursday. Ares Commercial Real Estate Co. has a 12-month low of $13.48 and a 12-month high of $16.98. The business’s fifty day simple moving average is $14.91 and its 200-day simple moving average is $15.04. The company has a market capitalization of $765.30 million, a PE ratio of 11.17 and a beta of 1.26. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.76.

Ares Commercial Real Estate (NYSE:ACRE – Get Rating) last announced its quarterly earnings results on Monday, February 14th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. Ares Commercial Real Estate had a return on equity of 9.83% and a net margin of 59.23%. During the same period in the prior year, the firm posted $0.40 EPS. Research analysts predict that Ares Commercial Real Estate Co. will post 1.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 14th. Investors of record on Thursday, March 31st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, March 30th. This represents a $1.32 annualized dividend and a yield of 8.15%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is 91.03%.

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its stake in Ares Commercial Real Estate by 197.0% during the 4th quarter. Barclays PLC now owns 53,124 shares of the real estate investment trust’s stock worth $773,000 after buying an additional 35,237 shares during the last quarter. BlackRock Inc. lifted its position in Ares Commercial Real Estate by 0.4% during the 4th quarter. BlackRock Inc. now owns 4,475,293 shares of the real estate investment trust’s stock worth $65,071,000 after acquiring an additional 19,211 shares during the period. California State Teachers Retirement System lifted its position in Ares Commercial Real Estate by 2.0% during the 4th quarter. California State Teachers Retirement System now owns 61,535 shares of the real estate investment trust’s stock worth $895,000 after acquiring an additional 1,220 shares during the period. 1832 Asset Management L.P. lifted its position in Ares Commercial Real Estate by 0.4% during the 4th quarter. 1832 Asset Management L.P. now owns 1,584,857 shares of the real estate investment trust’s stock worth $23,189,000 after acquiring an additional 6,711 shares during the period. Finally, Penserra Capital Management LLC lifted its position in Ares Commercial Real Estate by 170.5% during the 4th quarter. Penserra Capital Management LLC now owns 14,618 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 9,213 shares during the period. Hedge funds and other institutional investors own 52.19% of the company’s stock.

ACRE has been the topic of several research reports. StockNews.com initiated coverage on Ares Commercial Real Estate in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, JMP Securities lifted their price target on Ares Commercial Real Estate from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Thursday, March 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ares Commercial Real Estate presently has a consensus rating of “Buy” and a consensus price target of $15.80.

About Ares Commercial Real Estate (Get Rating)

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. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities.

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