Ares Commercial Real Estate’s (ACRE) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d) rating on shares of Ares Commercial Real Estate (NYSE:ACRE) in a research note published on Friday morning,Weiss Ratings reports.

Several other research analysts have also recently issued reports on the company. UBS Group lowered their price objective on Ares Commercial Real Estate from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Wall Street Zen cut Ares Commercial Real Estate from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods upped their price objective on Ares Commercial Real Estate from $4.25 to $4.50 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Finally, Zacks Research raised Ares Commercial Real Estate to a “hold” rating in a research report on Monday, August 11th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ares Commercial Real Estate has an average rating of “Reduce” and an average price target of $4.83.

Ares Commercial Real Estate Stock Performance

NYSE:ACRE opened at $4.65 on Friday. The stock has a 50-day simple moving average of $4.68 and a 200-day simple moving average of $4.57. The stock has a market cap of $255.52 million, a P/E ratio of -13.66 and a beta of 1.32. Ares Commercial Real Estate has a 1 year low of $3.35 and a 1 year high of $7.49.

Ares Commercial Real Estate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Ares Commercial Real Estate’s payout ratio is presently -176.47%.

Institutional Trading of Ares Commercial Real Estate

Institutional investors and hedge funds have recently made changes to their positions in the company. Arlington Trust Co LLC purchased a new stake in shares of Ares Commercial Real Estate in the 1st quarter valued at about $28,000. CWM LLC raised its stake in Ares Commercial Real Estate by 94.3% during the 2nd quarter. CWM LLC now owns 6,997 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 3,396 shares during the last quarter. Strs Ohio purchased a new stake in Ares Commercial Real Estate during the 1st quarter valued at approximately $47,000. State of Wyoming purchased a new stake in Ares Commercial Real Estate during the 2nd quarter valued at approximately $59,000. Finally, Corient Private Wealth LLC purchased a new stake in Ares Commercial Real Estate during the 2nd quarter valued at approximately $66,000. 41.34% of the stock is owned by hedge funds and other 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.