Nisa Investment Advisors LLC Raises Stake in Ares Commercial Real Estate Co. (NYSE:ACRE)

Nisa Investment Advisors LLC lifted its holdings in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,339 shares of the real estate investment trust’s stock after purchasing an additional 6,072 shares during the quarter. Nisa Investment Advisors LLC owned about 0.07% of Ares Commercial Real Estate worth $229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC boosted its stake in Ares Commercial Real Estate by 211.0% in the 3rd 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 during the last quarter. XTX Topco Ltd purchased a new stake in Ares Commercial Real Estate in the second quarter valued at approximately $82,000. BNP Paribas Financial Markets increased 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 purchasing an additional 1,711 shares during the last quarter. Intech Investment Management LLC purchased a new position in Ares Commercial Real Estate during the third quarter worth approximately $96,000. Finally, AQR Capital Management LLC acquired a new position in shares of Ares Commercial Real Estate in the 2nd quarter valued at $122,000. Hedge funds and other institutional investors own 41.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods decreased their target price on Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Tuesday, January 14th. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.80.

Ares Commercial Real Estate Trading Down 1.1 %

NYSE ACRE opened at $5.64 on Thursday. The stock has a market cap of $307.33 million, a P/E ratio of -4.78 and a beta of 1.51. The company’s fifty day simple moving average is $6.37 and its 200-day simple moving average is $6.79. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.38. Ares Commercial Real Estate Co. has a 52 week low of $5.33 and a 52 week high of $10.42.

Ares Commercial Real Estate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 17.75%. Ares Commercial Real Estate’s payout ratio is currently -84.75%.

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.