Ares Commercial Real Estate (NYSE:ACRE) Receives Market Perform Rating from JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Ares Commercial Real Estate (NYSE:ACRE) in a research note released on Monday morning,Benzinga reports.

A number of other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Wells Fargo & Company downgraded shares of Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $7.50 to $7.00 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Ares Commercial Real Estate from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.10.

Ares Commercial Real Estate Stock Performance

NYSE ACRE opened at $7.11 on Monday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $387.51 million, a price-to-earnings ratio of -6.02 and a beta of 1.48. The company’s fifty day moving average is $6.82 and its two-hundred day moving average is $7.01. Ares Commercial Real Estate has a 52-week low of $6.25 and a 52-week high of $11.24.

Ares Commercial Real Estate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 14.07%. The ex-dividend date is Tuesday, December 31st. Ares Commercial Real Estate’s dividend payout ratio is -84.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ACRE. FMR LLC lifted its position in shares of Ares Commercial Real Estate by 211.0% in the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 5,252 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Ares Commercial Real Estate during the second quarter worth $68,000. BNP Paribas Financial Markets raised its position in Ares Commercial Real Estate by 17.1% during the third quarter. BNP Paribas Financial Markets now owns 11,733 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,711 shares in the last quarter. XTX Topco Ltd bought a new stake in Ares Commercial Real Estate during the second quarter worth $82,000. Finally, Quest Partners LLC raised its position in Ares Commercial Real Estate by 1,329,500.0% during the second quarter. Quest Partners LLC now owns 13,296 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 13,295 shares in the last quarter. Institutional investors own 41.34% of the company’s stock.

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.