Ares Commercial Real Estate Co. (NYSE:ACRE) Stock Holdings Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) by 19.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,339 shares of the real estate investment trust’s stock after buying an additional 6,072 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ares Commercial Real Estate were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Ares Commercial Real Estate by 187.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 415,332 shares of the real estate investment trust’s stock valued at $2,907,000 after acquiring an additional 270,791 shares in the last quarter. Barclays PLC lifted its position in shares of Ares Commercial Real Estate by 279.8% in the 3rd quarter. Barclays PLC now owns 69,821 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 51,435 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ares Commercial Real Estate by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,272,163 shares of the real estate investment trust’s stock valued at $8,907,000 after buying an additional 16,309 shares during the period. Jane Street Group LLC boosted its holdings in shares of Ares Commercial Real Estate by 19.1% in the 3rd quarter. Jane Street Group LLC now owns 71,772 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 11,511 shares during the period. Finally, State Street Corp grew its position in shares of Ares Commercial Real Estate by 2.3% during the 3rd quarter. State Street Corp now owns 1,052,314 shares of the real estate investment trust’s stock valued at $7,627,000 after buying an additional 23,845 shares during the last quarter. Institutional investors and hedge funds own 41.34% of the company’s stock.

Ares Commercial Real Estate Stock Down 1.1 %

Shares of NYSE ACRE opened at $5.64 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $307.33 million, a PE ratio of -4.78 and a beta of 1.51. Ares Commercial Real Estate Co. has a 52-week low of $5.33 and a 52-week high of $10.42. The business has a fifty day moving average of $6.37 and a two-hundred day moving average of $6.79.

Ares Commercial Real Estate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 17.75%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is currently -84.75%.

Analysts Set New Price Targets

ACRE has been the subject of a number of research reports. JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their price objective on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. 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 research note on Tuesday, January 14th. Finally, StockNews.com raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Ares Commercial Real Estate currently has a consensus rating of “Hold” and an average target price of $6.80.

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.