Ares Commercial Real Estate (NYSE:ACRE) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Ares Commercial Real Estate Corporation (NYSE:ACRE) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.75 and traded as high as $5.48. Ares Commercial Real Estate shares last traded at $5.3760, with a volume of 711,780 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Ares Commercial Real Estate from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $4.75 to $5.50 in a research note on Monday. UBS Group increased their price target on shares of Ares Commercial Real Estate from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Ares Commercial Real Estate in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Ares Commercial Real Estate from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.33.

Ares Commercial Real Estate Stock Performance

The stock has a market capitalization of $295.84 million, a P/E ratio of -35.84 and a beta of 1.27. The business has a 50 day simple moving average of $4.84 and a 200-day simple moving average of $4.75.

Ares Commercial Real Estate (NYSE:ACRE) last announced its earnings results on Friday, November 7th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.17. The business had revenue of $5.63 million during the quarter, compared to analysts’ expectations of $11.35 million. Ares Commercial Real Estate had a negative return on equity of 5.15% and a negative net margin of 13.02%. Equities research analysts forecast that Ares Commercial Real Estate Corporation will post -0.34 EPS for the current fiscal year.

Ares Commercial Real Estate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.15 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.2%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is -400.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Nuveen LLC purchased a new position in shares of Ares Commercial Real Estate during the 1st quarter valued at $554,000. Cura Wealth Advisors LLC lifted its position in Ares Commercial Real Estate by 32.1% during the 1st 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. Samalin Investment Counsel LLC grew its holdings in Ares Commercial Real Estate by 132.6% in the 1st quarter. Samalin Investment Counsel LLC now owns 135,115 shares of the real estate investment trust’s stock valued at $626,000 after buying an additional 77,026 shares during the last quarter. Voya Investment Management LLC grew its position in Ares Commercial Real Estate by 21.8% in the 1st quarter. Voya Investment Management LLC now owns 24,105 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 4,309 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of Ares Commercial Real Estate by 44.5% in the 2nd quarter. Penserra Capital Management LLC now owns 226,919 shares of the real estate investment trust’s stock worth $1,082,000 after acquiring an additional 69,881 shares during the period. 41.34% of the stock is owned by institutional investors and hedge funds.

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.