Ares Commercial Real Estate Co. (NYSE:ACRE) Short Interest Up 79.0% in February

Ares Commercial Real Estate Co. (NYSE:ACRE – Get Rating) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,030,000 shares, a growth of 79.0% from the January 31st total of 575,500 shares. Based on an average trading volume of 568,300 shares, the short-interest ratio is currently 1.8 days.

Shares of NYSE:ACRE traded up $0.04 during trading on Friday, hitting $14.88. The company’s stock had a trading volume of 352,526 shares, compared to its average volume of 549,733. The stock’s 50-day moving average price is $14.57 and its two-hundred day moving average price is $15.09. Ares Commercial Real Estate has a fifty-two week low of $13.25 and a fifty-two week high of $16.98. The company has a market capitalization of $702.66 million, a PE ratio of 10.23 and a beta of 1.25. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.01 and a current ratio of 1.01.

Ares Commercial Real Estate (NYSE:ACRE – Get Rating) last announced its quarterly earnings data on Monday, February 14th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Ares Commercial Real Estate had a return on equity of 9.83% and a net margin of 59.23%. During the same quarter in the previous year, the company earned $0.40 EPS. On average, equities analysts predict that Ares Commercial Real Estate will post 1.42 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 8.87%. The ex-dividend date is Wednesday, March 30th. Ares Commercial Real Estate’s dividend payout ratio (DPR) is presently 91.03%.

In related news, CEO Bryan Patrick Donohoe sold 8,813 shares of the company’s stock in a transaction that occurred on Tuesday, January 18th. The stock was sold at an average price of $14.96, for a total value of $131,842.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William Stephen Benjamin bought 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was purchased at an average price of $14.05 per share, for a total transaction of $252,900.00. The disclosure for this purchase can be found here. 1.96% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of ACRE. Capital Analysts LLC bought a new position in Ares Commercial Real Estate in the 3rd quarter worth approximately $48,000. Penserra Capital Management LLC bought a new position in Ares Commercial Real Estate in the 3rd quarter worth approximately $81,000. Metropolitan Life Insurance Co NY grew its holdings in Ares Commercial Real Estate by 105,411.1% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 9,496 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 9,487 shares in the last quarter. Strs Ohio grew its holdings in Ares Commercial Real Estate by 14.8% in the 3rd quarter. Strs Ohio now owns 10,100 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 1,300 shares in the last quarter. Finally, LPL Financial LLC bought a new position in Ares Commercial Real Estate in the 4th quarter worth approximately $154,000. 52.19% of the stock is owned by institutional investors.

Several analysts have issued reports on the company. JMP Securities upped their target price on Ares Commercial Real Estate from $16.50 to $17.00 and gave the company a “market outperform” rating in a report on Thursday, November 4th. Zacks Investment Research cut Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a report on Thursday, February 10th. Finally, BTIG Research reiterated a “buy” rating and set a $16.50 price target on shares of Ares Commercial Real Estate in a report on Friday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $15.92.

Ares Commercial Real Estate Company Profile (Get Rating)

Ares Commercial Real Estate Corp. engages in originating and investing in commercial real estate loans and related investments. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans, and other CRE investments, as well as commercial mortgage backed securities.

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