Insider Selling: Ares Commercial Real Estate Co. (NYSE:ACRE) VP Sells 7,615 Shares of Stock

Ares Commercial Real Estate Co. (NYSE:ACRE) VP Anton Feingold sold 7,615 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $5.68, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ares Commercial Real Estate Stock Up 1.8 %

Shares of NYSE:ACRE opened at $5.97 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.38. The business’s 50 day moving average is $6.20 and its 200 day moving average is $6.72. The stock has a market cap of $325.33 million, a P/E ratio of -5.06 and a beta of 1.50. Ares Commercial Real Estate Co. has a 52-week low of $5.33 and a 52-week high of $9.17.

Institutional Investors Weigh In On Ares Commercial Real Estate

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of 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 worth $54,000 after acquiring an additional 5,252 shares during the last quarter. New York State Common Retirement Fund grew its position in Ares Commercial Real Estate by 160.9% during the 4th quarter. New York State Common Retirement Fund now owns 11,838 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 7,300 shares during the period. BNP Paribas Financial Markets grew its holdings in Ares Commercial Real Estate by 17.1% during the third quarter. BNP Paribas Financial Markets now owns 11,733 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,711 shares during the period. Intech Investment Management LLC purchased a new position in shares of Ares Commercial Real Estate during the 3rd quarter valued at approximately $96,000. Finally, AQR Capital Management LLC purchased a new position in Ares Commercial Real Estate in the second quarter valued at $122,000. 41.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ACRE shares. Keefe, Bruyette & Woods reduced their price objective on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Ares Commercial Real Estate in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.80.

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.