Ares Commercial Real Estate Co. (NYSE:ACRE) VP Anton Feingold Sells 7,615 Shares

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) VP Anton Feingold sold 7,615 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $5.68, for a total value of $43,253.20. Following the transaction, the vice president now directly owns 78,360 shares in the company, valued at $445,084.80. This trade represents a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ares Commercial Real Estate Trading Down 0.3 %

Shares of NYSE ACRE traded down $0.02 during midday trading on Friday, hitting $5.97. 443,249 shares of the company traded hands, compared to its average volume of 465,078. Ares Commercial Real Estate Co. has a 12-month low of $5.33 and a 12-month high of $8.85. The firm has a market cap of $325.33 million, a P/E ratio of -5.06 and a beta of 1.50. The stock has a 50-day moving average price of $6.17 and a 200 day moving average price of $6.70. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 0.87.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ACRE. Geode Capital Management LLC increased its stake in shares of Ares Commercial Real Estate by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,272,163 shares of the real estate investment trust's stock valued at $8,907,000 after purchasing an additional 16,309 shares in the last quarter. State Street Corp increased its position in Ares Commercial Real Estate by 2.3% during the 3rd quarter. State Street Corp now owns 1,052,314 shares of the real estate investment trust's stock valued at $7,627,000 after buying an additional 23,845 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Ares Commercial Real Estate by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 861,390 shares of the real estate investment trust's stock valued at $6,030,000 after buying an additional 8,900 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Ares Commercial Real Estate by 19.5% in the fourth quarter. Van ECK Associates Corp now owns 591,036 shares of the real estate investment trust's stock worth $3,481,000 after acquiring an additional 96,551 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Ares Commercial Real Estate by 187.3% in the third quarter. JPMorgan Chase & Co. now owns 415,332 shares of the real estate investment trust's stock worth $2,907,000 after acquiring an additional 270,791 shares during the last quarter. 41.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ACRE. Keefe, Bruyette & Woods reduced their price target on 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 raised shares of Ares Commercial Real Estate from a "sell" rating to a "hold" rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. dropped their price target on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock 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.