The Ares Commercial Real Estate Corp (ACRE) Insider Acquires $130,400.00 in Stock

The Ares Commercial Real Estate Corp (ACRE) Insider Acquires $130,400.00 in Stock

Ares Commercial Real Estate Corp (NYSE:ACRE) opened at 13.51 on Monday. Ares Commercial Real Estate Corp has a one year low of $11.69 and a one year high of $14.39. The firm has a 50-day moving average of $13.37 and a 200-day moving average of $13.51. The company has a market capitalization of $384.62 million, a P/E ratio of 9.23 and a beta of 0.78.

Ares Commercial Real Estate Corp (NYSE:ACRE) insider Robert L. Rosen acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were purchased at an average cost of $13.04 per share, with a total value of $130,400.00. Following the completion of the purchase, the insider now directly owns 66,002 shares of the company’s stock, valued at $860,666.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ares Commercial Real Estate Corp (NYSE:ACRE) last issued its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $21.13 million during the quarter, compared to analysts’ expectations of $11.81 million. Ares Commercial Real Estate Corp had a net margin of 54.20% and a return on equity of 6.34%. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts anticipate that Ares Commercial Real Estate Corp will post $1.07 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACRE. Clough Capital Partners L P increased its position in Ares Commercial Real Estate Corp by 75.8% in the first quarter. Clough Capital Partners L P now owns 349,200 shares of the real estate investment trust’s stock worth $4,672,000 after buying an additional 150,555 shares in the last quarter. Tudor Investment Corp ET AL increased its position in Ares Commercial Real Estate Corp by 1.5% in the first quarter. Tudor Investment Corp ET AL now owns 10,705 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 158 shares in the last quarter. Nomura Holdings Inc. increased its position in Ares Commercial Real Estate Corp by 10.5% in the first quarter. Nomura Holdings Inc. now owns 427,598 shares of the real estate investment trust’s stock worth $5,710,000 after buying an additional 40,751 shares in the last quarter. Ares Management LLC increased its position in Ares Commercial Real Estate Corp by 53.7% in the first quarter. Ares Management LLC now owns 28,378 shares of the real estate investment trust’s stock worth $380,000 after buying an additional 9,912 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Ares Commercial Real Estate Corp by 7.2% in the first quarter. Vanguard Group Inc. now owns 1,188,935 shares of the real estate investment trust’s stock worth $15,908,000 after buying an additional 79,338 shares in the last quarter. 64.94% of the stock is currently owned by institutional investors. A number of analysts have recently issued reports on ACRE shares. Zacks Investment Research raised shares of Ares Commercial Real Estate Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $13.75 target price on shares of Ares Commercial Real Estate Corp in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $13.92.

Ares Commercial Real Estate Corp Company Profile Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ACRE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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