Quest Partners LLC Grows Stock Holdings in Ares Commercial Real Estate Co. (NYSE:ACRE)

Quest Partners LLC increased its stake in Ares Commercial Real Estate Co. (NYSE:ACRE) by 1,329,500.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,296 shares of the real estate investment trust’s stock after purchasing an additional 13,295 shares during the quarter. Quest Partners LLC’s holdings in Ares Commercial Real Estate were worth $88,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ACRE. MGO One Seven LLC increased its position in shares of Ares Commercial Real Estate by 2,609.3% during the 4th quarter. MGO One Seven LLC now owns 570,331 shares of the real estate investment trust’s stock valued at $5,909,000 after purchasing an additional 549,280 shares during the last quarter. Van ECK Associates Corp increased its holdings in Ares Commercial Real Estate by 26.9% during the second quarter. Van ECK Associates Corp now owns 524,694 shares of the real estate investment trust’s stock valued at $3,489,000 after buying an additional 111,194 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Ares Commercial Real Estate by 67.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 257,235 shares of the real estate investment trust’s stock worth $1,916,000 after acquiring an additional 103,902 shares during the period. Bright Futures Wealth Management LLC. purchased a new position in shares of Ares Commercial Real Estate during the 1st quarter worth $630,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Ares Commercial Real Estate by 11.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,404 shares of the real estate investment trust’s stock valued at $5,889,000 after acquiring an additional 81,534 shares during the period. Institutional investors own 41.34% of the company’s stock.

Analyst Upgrades and Downgrades

ACRE has been the topic of several analyst reports. BTIG Research reiterated a “neutral” rating on shares of Ares Commercial Real Estate in a research report on Friday, July 19th. StockNews.com cut Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, Ares Commercial Real Estate presently has a consensus rating of “Hold” and a consensus price target of $7.25.

Ares Commercial Real Estate Stock Performance

Shares of Ares Commercial Real Estate stock opened at $7.60 on Wednesday. Ares Commercial Real Estate Co. has a fifty-two week low of $6.36 and a fifty-two week high of $11.24. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $414.25 million, a P/E ratio of -9.16 and a beta of 1.45. The company has a fifty day moving average of $7.19 and a 200 day moving average of $7.10.

Ares Commercial Real Estate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.16%. The ex-dividend date is Monday, September 30th. Ares Commercial Real Estate’s dividend payout ratio (DPR) is -120.48%.

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.