Insider Selling: Ares Commercial Real Estate Corp (NYSE:ACRE) Director Sells 12,515 Shares of Stock

Ares Commercial Real Estate Corp (NYSE:ACRE) Director James Alan Henderson sold 12,515 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $15.69, for a total transaction of $196,360.35. Following the completion of the sale, the director now owns 47,401 shares of the company’s stock, valued at $743,721.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James Alan Henderson also recently made the following trade(s):

  • On Thursday, December 5th, James Alan Henderson sold 19,500 shares of Ares Commercial Real Estate stock. The stock was sold at an average price of $15.51, for a total transaction of $302,445.00.

NYSE ACRE opened at $16.24 on Tuesday. The stock has a market cap of $465.89 million, a P/E ratio of 11.96 and a beta of 0.58. The company’s fifty day simple moving average is $15.81 and its 200-day simple moving average is $15.39. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 2.75. Ares Commercial Real Estate Corp has a 52 week low of $13.64 and a 52 week high of $16.36.

ACRE has been the subject of several research reports. Credit Suisse Group upgraded shares of Ares Commercial Real Estate from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Wednesday, January 8th. Zacks Investment Research raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Monday.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its holdings in shares of Ares Commercial Real Estate by 21.9% during the second quarter. Russell Investments Group Ltd. now owns 64,019 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 11,510 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Ares Commercial Real Estate by 16.3% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 186,000 shares of the real estate investment trust’s stock worth $2,764,000 after acquiring an additional 26,000 shares during the last quarter. State Street Corp grew its position in shares of Ares Commercial Real Estate by 0.8% during the third quarter. State Street Corp now owns 776,787 shares of the real estate investment trust’s stock worth $12,086,000 after acquiring an additional 5,847 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Ares Commercial Real Estate during the second quarter worth about $6,194,000. Finally, Vanguard Group Inc. grew its position in shares of Ares Commercial Real Estate by 1.6% during the second quarter. Vanguard Group Inc. now owns 1,338,523 shares of the real estate investment trust’s stock worth $19,891,000 after acquiring an additional 20,904 shares during the last quarter. 62.83% of the stock is currently owned by hedge funds and other institutional investors.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, real estate preferred equity investments, mezzanine loans, and other CRE investments.

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