Jane Street Group LLC Has $502,000 Stock Holdings in Ares Commercial Real Estate Co. (NYSE:ACRE)

Jane Street Group LLC increased its position in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) by 19.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,772 shares of the real estate investment trust’s stock after buying an additional 11,511 shares during the quarter. Jane Street Group LLC owned 0.13% of Ares Commercial Real Estate worth $502,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its position in Ares Commercial Real Estate by 211.0% during the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 5,252 shares in the last quarter. BNP Paribas Financial Markets grew 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 buying an additional 1,711 shares in the last quarter. XTX Topco Ltd acquired a new stake in Ares Commercial Real Estate during the second quarter worth about $82,000. Quest Partners LLC lifted its stake 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 purchasing an additional 13,295 shares during the period. Finally, Intech Investment Management LLC bought a new position in Ares Commercial Real Estate during the third quarter worth about $96,000. 41.34% of the stock is owned by institutional investors and hedge funds.

Ares Commercial Real Estate Price Performance

Shares of NYSE ACRE opened at $6.18 on Monday. Ares Commercial Real Estate Co. has a twelve month low of $5.77 and a twelve month high of $10.53. The firm has a fifty day simple moving average of $6.74 and a 200 day simple moving average of $6.94. The company has a market capitalization of $337.07 million, a PE ratio of -5.24 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.38.

Ares Commercial Real Estate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 16.18%. The ex-dividend date of this dividend is Tuesday, December 31st. Ares Commercial Real Estate’s payout ratio is currently -84.75%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACRE. 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 research note on Thursday, October 17th. StockNews.com upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th. Wells Fargo & Company cut shares of Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $7.50 to $7.00 in a research note on Friday, September 20th. Finally, JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.10.

Ares Commercial Real Estate 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.