Ares Commercial Real Estate Co. (NYSE:ACRE) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Ares Commercial Real Estate Co. (NYSE:ACRE) by 17.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,733 shares of the real estate investment trust’s stock after acquiring an additional 1,711 shares during the period. BNP Paribas Financial Markets’ holdings in Ares Commercial Real Estate were worth $82,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ACRE. FMR LLC increased its holdings in shares of Ares Commercial Real Estate by 211.0% in the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,252 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Ares Commercial Real Estate by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 149,365 shares of the real estate investment trust’s stock valued at $1,045,000 after buying an additional 27,900 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Ares Commercial Real Estate in the 3rd quarter worth $96,000. Victory Capital Management Inc. raised its holdings in shares of Ares Commercial Real Estate by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 88,093 shares of the real estate investment trust’s stock worth $617,000 after acquiring an additional 3,593 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Ares Commercial Real Estate by 57.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 31,267 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 11,388 shares during the last quarter. 41.34% of the stock is owned by hedge funds and other institutional investors.

Ares Commercial Real Estate Stock Down 5.5 %

NYSE:ACRE opened at $6.21 on Thursday. Ares Commercial Real Estate Co. has a 52 week low of $6.20 and a 52 week high of $11.24. The stock’s fifty day moving average is $6.84 and its two-hundred day moving average is $7.02. The stock has a market capitalization of $338.71 million, a price-to-earnings ratio of -5.26 and a beta of 1.48. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 16.10%. The ex-dividend date is Tuesday, December 31st. Ares Commercial Real Estate’s dividend payout ratio (DPR) is -84.75%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Ares Commercial Real Estate from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Monday, December 9th. Wells Fargo & Company cut Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $7.50 to $7.00 in a report on Friday, September 20th. Finally, StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.10.

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.