On January 10, Anton Feingold, Vice President of Ares Commercial Real Estate Company, sold 3,166 shares of the company’s stock (NYSE: ACRE). The price of each share was determined to be $10.87, which resulted in a total sales volume of $34,414.42 dollars. The average price of the shares was $10.87. As a result of the earlier transaction, the vice president now owns 53,865 company shares worth an estimated $585,512.55.The information regarding the sale that was submitted to the Securities and Exchange Commission (SEC) is currently available online at the SEC’s website.
In addition, the business just recently announced the payment of a quarterly dividend, scheduled to take place on January 18. Shareholders who have their information “recorded” as of December 30 will be eligible to receive the dividend payment of $0.35. December 29, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. The dividend payment that was previously made on a quarterly basis by Ares Commercial Real Estate was $0.33 per share. However, this amount has since been increased. This equates to a dividend payment of $1.40 annually and a dividend yield of 12.38 percent for the company. Ares Commercial Real Estate has a dividend payout percentage of 145.05%, which is distributed to the company’s shareholders.
On Thursday, at the middle of the trading day, the price of ACRE stock reached $11.31, reflecting an increase of $0.25 from its previous price. Compared to the average volume of 761,548 shares, an additional 1,011,142 shares of the company’s stock were traded.Over the course of the previous 52 weeks, the price of Ares Commercial Real Estate Co. has ranged from a low of $9.90 to a high of $16.48. The market capitalization of the company is currently sitting at $615.75 million, with a price-to-earnings ratio of 12.43 and a beta value of 1.33. There is a debt-to-equity ratio of 2.37, while the current ratio is 0.74, and the quick ratio is also 0.74. The debt-to-equity ratio is an indicator of liquidity. The moving average price of the stock calculated over the past 200 days is $12.15, while the average price calculated over the last 50 days is $11.48.
Over the past few days, a number of different research analysts have each presented their perspectives on the stock of ACRE. Ares Commercial Real Estate now has a “market perform” rating from JMP Securities that have been lowered to “sector perform,” Their price objective has been reduced from $15.00 to $13.50. A research note published on Friday, October 14, brought both of these alterations to the general public’s attention. Ares Commercial Real Estate shares were first brought to the attention of investors on October 12, when StockNews.com released a research report. The recommendation made by the company to shareholders was to “keep” their existing holdings of the stock. In addition, Ares Commercial Real Estate now has an “underperform” rating from Raymond James, and the firm has reduced its price objective for the company from $15.00 to $13.50. These alterations were made known to the general public in a research note that was made public on October 18. JPMorgan Chase & Co. categorized the company as “neutral” in a research report released on October 24, and they lowered their price objective on Ares Commercial Real Estate from $13.50 to $12.00. The report was published on Monday. According to the study, the company’s original price goal has been revised downward. Bank of America reaffirmed a “buy” rating on shares of Ares Commercial Real Estate and set a target price of $13.00 for the company’s stock in a report that was published on Monday, October 31. The report was published on the company’s website. Three equity research experts have suggested that investors purchase the stock, while the other two have suggested that investors maintain their current position. The company is currently rated as a “Moderate Buy,” and the stock’s price target is $13.25, according to information obtained from Bloomberg.com.
Recent events have resulted in several institutional investors and hedge funds adjusting the percentage of the company’s shares that they own. The Bank of New York Mellon Corporation increased the amount of Ares Commercial Real Estate stock owned by 17.9% during the third quarter of the fiscal year. The Bank of New York Mellon Corp. now holds a total of 195,984 shares of the real estate investment trust following the acquisition of an additional 29,798 shares during the most recent quarter. The value of these shares, as of the end of the most recent quarter, was $2,047,000. The California State Teachers Retirement System increased the proportion of Ares Commercial Real Estate stock it held in its portfolio by 2.7% over the course of the third quarter. The California State Teachers Retirement System currently holds a total of 64,768 shares of the real estate investment trust following the purchase of an additional 1,723 shares during the most recent quarter. The shares have a value of $677,000 when taken into consideration in their entirety. During the course of the third quarter, Captrust Financial Advisors was able to achieve an ownership stake in Ares Commercial Real Estate that was 35.9% greater than it had been in the prior quarter. Captrust Financial Advisors now directly owns 34,676 shares in the company, which have a value of $362,000 thanks to the recent purchase of 9,155 additional shares in the real estate investment trust during the most recent fiscal quarter. The value of the holdings that Balyasny Asset Management LLC has in Ares Commercial Real Estate increased by 605.8 percent during the third quarter as compared to the previous quarter. There are now a total of 619,937 shares of the real estate investment trust that are owned by Balyasny Asset Management LLC. These shares have a combined value of $6,478,000. This represents an increase of 532,103 shares that were acquired during the most recent quarter of the company’s financial year. Last but not least, during the course of the third quarter, BNP Paribas Arbitrage SNC saw a 240.5% increase in the percentage of ownership it held in Ares Commercial Real Estate. BNP Paribas Arbitrage SNC now directly owns a total of 48,222 shares of the real estate investment trust as a result of the purchase of an additional 34,059 shares during the most recent quarter. These shares are currently worth a total of $504,000 based on their market value. As of right now, 46.63% of the company’s shares are owned by hedge funds and other types of institutional investors.
Ares Commercial Real Estate Corporation is a specialized finance company based in the United States that makes investments in commercial real estate (CRE) loans and associated securities, in addition to originating loans for CRE and the associated securities. It also invests in these loans and securities. As a result, owners, managers, and sponsors of commercial real estate (CRE) properties can take advantage of the wide range of financing opportunities made available by this organization. It is responsible for producing commercial mortgage-backed securities, mezzanine loans, senior mortgage loans, real estate preferred equity investments, subordinate debt products, and various other commercial real estate investments.