Bryan Patrick Donohoe Purchases 3,509 Shares of Ares Commercial Real Estate Co. (NYSE:ACRE) Stock

Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) CEO Bryan Patrick Donohoe bought 3,509 shares of the business's stock in a transaction that occurred on Sunday, March 10th. The shares were acquired at an average cost of $14.32 per share, for a total transaction of $50,248.88. Following the completion of the purchase, the chief executive officer now owns 41,259 shares in the company, valued at $590,828.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bryan Patrick Donohoe also recently made the following trade(s):

• On Tuesday, January 30th, Bryan Patrick Donohoe sold 18,868 shares of Ares Commercial Real Estate stock. The shares were sold at an average price of $10.32, for a total transaction of $194,717.76.

Ares Commercial Real Estate Price Performance

Shares of Ares Commercial Real Estate stock remained flat at $7.19 during trading hours on Thursday. 350,989 shares of the stock traded hands, compared to its average volume of 728,787. The firm has a market cap of $391.01 million, a P/E ratio of -9.98 and a beta of 1.41. The company's fifty day moving average price is $8.07 and its 200-day moving average price is $9.28. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.43 and a current ratio of 1.43. Ares Commercial Real Estate Co. has a fifty-two week low of $7.07 and a fifty-two week high of $11.24.

Ares Commercial Real Estate Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Thursday, March 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 13.92%. The ex-dividend date is Wednesday, March 27th. Ares Commercial Real Estate's dividend payout ratio is currently -138.89%.

Institutional Trading of Ares Commercial Real Estate

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in Ares Commercial Real Estate during the 4th quarter worth $29,000. Samalin Investment Counsel LLC acquired a new stake in shares of Ares Commercial Real Estate in the 1st quarter worth $50,000. Quarry LP acquired a new stake in shares of Ares Commercial Real Estate in the 1st quarter worth $31,000. Mango Five Family Inc. acquired a new stake in shares of Ares Commercial Real Estate in the 4th quarter worth $62,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Ares Commercial Real Estate in the 1st quarter worth $97,000. Institutional investors and hedge funds own 41.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. TheStreet downgraded shares of Ares Commercial Real Estate from a "c-" rating to a "d+" rating in a research report on Tuesday, March 5th. Bank of America reissued an "underperform" rating and issued a $7.00 price objective (down from $11.00) on shares of Ares Commercial Real Estate in a research report on Monday, March 4th. UBS Group dropped their price objective on shares of Ares Commercial Real Estate from $10.50 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 20th. JPMorgan Chase & Co. dropped their price objective on shares of Ares Commercial Real Estate from $9.50 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Ares Commercial Real Estate from $10.25 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9.00.

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.