Ares Commercial Real Estate Co. (NYSE:ACRE) Given Consensus Rating of "Reduce" by Brokerages

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) has been given a consensus rating of "Reduce" by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $7.10.

Several analysts have issued reports on ACRE shares. Wells Fargo & Company cut Ares Commercial Real Estate from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $7.50 to $7.00 in a report on Friday, September 20th. StockNews.com cut shares of Ares Commercial Real Estate from a "hold" rating to a "sell" rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. decreased their target price on shares of Ares Commercial Real Estate from $7.00 to $6.50 and set a "neutral" rating on the stock in a report on Thursday, October 17th. Finally, BTIG Research reissued a "neutral" rating on shares of Ares Commercial Real Estate in a research note on Friday, July 19th.

Ares Commercial Real Estate Price Performance

Shares of ACRE stock traded down $0.14 during trading hours on Friday, reaching $6.45. The company had a trading volume of 275,220 shares, compared to its average volume of 580,006. Ares Commercial Real Estate has a 12-month low of $6.36 and a 12-month high of $11.24. The company has a market capitalization of $351.57 million, a price-to-earnings ratio of -7.77 and a beta of 1.45. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average of $6.97 and a 200-day moving average of $6.98.

Ares Commercial Real Estate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.50%. The ex-dividend date of this dividend was Monday, September 30th. Ares Commercial Real Estate's dividend payout ratio (DPR) is -120.48%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in Ares Commercial Real Estate by 57.3% during the third quarter. Nisa Investment Advisors LLC now owns 31,267 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 11,388 shares during the period. Inspire Investing LLC grew its holdings in shares of Ares Commercial Real Estate by 8.8% in the third quarter. Inspire Investing LLC now owns 58,181 shares of the real estate investment trust's stock valued at $407,000 after purchasing an additional 4,714 shares in the last quarter. Strategic Wealth Partners Ltd. increased its stake in Ares Commercial Real Estate by 11.1% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 20,000 shares of the real estate investment trust's stock worth $140,000 after buying an additional 2,000 shares during the period. SG Americas Securities LLC acquired a new stake in Ares Commercial Real Estate during the 3rd quarter worth approximately $147,000. Finally, The Manufacturers Life Insurance Company boosted its position in Ares Commercial Real Estate by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,492 shares of the real estate investment trust's stock valued at $276,000 after buying an additional 2,769 shares during the period. 41.34% of the stock is currently 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.