Insider Alert: Ares Commercial Real Estate Corporation (NYSE:ACRE) Notable Insider Activity

Gladys Abbott
June 1, 2017

Also, Director James E. Skinner purchased 1,960 shares of Ares Commercial Real Estate Corp stock in a transaction dated Tuesday, March 14th.

Apollo Commercial Real Estate Finance, Inc.is a real estate investment trust. Zacks downgraded the shares of HTHT in report on Thursday, August 20 to "Hold" rating. With 2.82M avg volume, 2 days are for Apollo Commercial Real Estate FI (NYSE:ARI)'s short sellers to cover ARI's short positions. For the next fiscal year, analysts anticipate that the business will post earnings of $1.22 per share, with EPS estimates ranging from $1.19 to $1.26.

Ares Commercial Real Estate Corporation is a specialty finance company.

Ares Commercial Real Estate Corp (NYSE:ACRE) last released its quarterly earnings data on Tuesday, May 2nd. The mean rating score for this stock is at 2.90. The Return on Equity (ROE) value stands at 8.7%. During the same period in the prior year, the firm posted $0.18 EPS.

ACRE has been the subject of a number of research analyst reports.

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Now the shares of Apollo Commercial Real Estate Finance, Inc. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Keefe, Bruyette & Woods reaffirmed a "hold" rating and issued a $13.75 target price on shares of Ares Commercial Real Estate Corp in a report on Wednesday. The stock closing price is now trading upward to its 50 day moving average with change of 4.07%, escalated to its 20 day moving average with figure of 0.93% and above its 200 day moving average with value 15.03%. Piedmont Inv Advisors Limited Company holds 36,121 shares or 0% of its portfolio. The share last price represents downtick move of -1.39% in value from company's 52-Week high price and shows 39.94% above change in value from its 52-Week low price. The Market Capitalization of the company stands at 1.74 Billion. The company has a 50-day moving average price of $13.40 and a 200-day moving average price of $13.51.

The report stated, " Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. Stockholders of record on Friday, June 30th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, June 28th. Ares Commercial Real Estate Corp's dividend payout ratio (DPR) is presently 71.72%. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Zacks' EPS averages are an average based on a survey of research analysts that follow Ares Commercial Real Estate Corp. The shares were acquired at an average price of $12.78 per share, with a total value of $25,048.80. Following the completion of the acquisition, the director now directly owns 13,896 shares in the company, valued at $177,590.88. The disclosure for this purchase can be found here.

University of MI professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period. Hancock Holding Co. raised its position in Ares Commercial Real Estate Corp by 26.0% in the first quarter.

Investors who are keeping close eye on Apollo Commercial Real Estate Finance, Inc.

Recent session action on shares of WPX Energy, Inc. Finally, American International Group Inc. raised its position in Ares Commercial Real Estate Corp by 6.9% in the first quarter. ClariVest Asset Management LLC now owns 15,494 shares of the real estate investment trust's stock worth $208,000 after buying an additional 791 shares during the period. Corporate insiders own 1.60% of the company's stock. Susquehanna International Group LLP acquired a new stake in Ares Commercial Real Estate Corp during the third quarter valued at approximately $144,000. Institutional investors own 64.94% of the company's stock. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and global copyright & trademark law. After $0.31 actual EPS reported by SBA Communications Corporation for the previous quarter, Wall Street now forecasts -35.48% negative EPS growth. Voya Investment Ltd Liability Com has invested 0% in Apollo Commercial Real Est. Under the lease model, the Company directly operates hotels located on leased properties.

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