Ares Commercial Real Estate Corp. (NYSE:ACRE) CEO Robert L. Rosen purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average cost of $12.35 per share, with a total value of $123,500.00. Following the completion of the acquisition, the chief executive officer now owns 50,013 shares of the company’s stock, valued at $617,660.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Ares Commercial Real Estate Corp. (NYSE:ACRE) opened at 12.49 on Tuesday. Ares Commercial Real Estate Corp. has a 12-month low of $8.91 and a 12-month high of $13.07. The firm has a market cap of $354.95 million, a P/E ratio of 11.14 and a beta of 0.82. The firm has a 50-day moving average price of $12.59 and a 200-day moving average price of $11.94.

Ares Commercial Real Estate Corp. (NYSE:ACRE) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. Ares Commercial Real Estate Corp. had a return on equity of 6.33% and a net margin of 40.58%. The company had revenue of $10.51 million for the quarter, compared to the consensus estimate of $20.10 million. During the same period in the previous year, the business earned $0.31 EPS. Ares Commercial Real Estate Corp.’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities research analysts expect that Ares Commercial Real Estate Corp. will post $1.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.04 annualized dividend and a yield of 8.33%. Ares Commercial Real Estate Corp.’s dividend payout ratio is presently 92.04%.

A number of large investors have recently bought and sold shares of ACRE. National Planning Corp increased its stake in Ares Commercial Real Estate Corp. by 7.0% in the first quarter. National Planning Corp now owns 19,495 shares of the company’s stock valued at $226,000 after buying an additional 1,275 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Ares Commercial Real Estate Corp. by 2.5% in the first quarter. Renaissance Technologies LLC now owns 581,500 shares of the company’s stock worth $6,367,000 after buying an additional 14,000 shares during the period. Geode Capital Management LLC increased its stake in shares of Ares Commercial Real Estate Corp. by 0.6% in the first quarter. Geode Capital Management LLC now owns 215,542 shares of the company’s stock worth $2,359,000 after buying an additional 1,197 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Ares Commercial Real Estate Corp. by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 80,641 shares of the company’s stock worth $883,000 after buying an additional 26,081 shares during the period. Finally, UBS Group AG increased its stake in shares of Ares Commercial Real Estate Corp. by 34.9% in the first quarter. UBS Group AG now owns 20,000 shares of the company’s stock worth $219,000 after buying an additional 5,173 shares during the period. Institutional investors own 65.92% of the company’s stock.

Several equities research analysts recently weighed in on the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $13.00 price target on shares of Ares Commercial Real Estate Corp. in a report on Monday, August 8th. Keefe, Bruyette & Woods increased their price target on Ares Commercial Real Estate Corp. from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, August 5th. Citigroup Inc. increased their price target on Ares Commercial Real Estate Corp. from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. FBR & Co reaffirmed a “buy” rating and set a $13.00 price target on shares of Ares Commercial Real Estate Corp. in a report on Wednesday, September 14th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Ares Commercial Real Estate Corp. in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.00.

About Ares Commercial Real Estate Corp.

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking.

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