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

BNP Paribas Financial Markets raised its holdings in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) by 17.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,733 shares of the real estate investment trust’s stock after acquiring an additional 1,711 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ares Commercial Real Estate were worth $82,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ACRE. FMR LLC boosted its holdings in 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 in the last quarter. Penserra Capital Management LLC lifted its position in shares of Ares Commercial Real Estate by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 149,365 shares of the real estate investment trust’s stock worth $1,045,000 after buying an additional 27,900 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Ares Commercial Real Estate in the 3rd quarter valued at $96,000. Victory Capital Management Inc. grew its position in shares of Ares Commercial Real Estate by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 88,093 shares of the real estate investment trust’s stock valued at $617,000 after buying an additional 3,593 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in 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 worth $227,000 after acquiring an additional 11,388 shares in the last quarter. Hedge funds and other institutional investors own 41.34% of the company’s stock.

Ares Commercial Real Estate Stock Down 5.5 %

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 business has a 50 day moving average price of $6.84 and a two-hundred day moving average price of $7.02. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.38. The company has a market cap of $338.71 million, a PE ratio of -5.26 and a beta of 1.48.

Ares Commercial Real Estate Announces Dividend

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

Wall Street Analyst Weigh In

ACRE has been the subject of several research analyst reports. StockNews.com upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company cut Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $7.50 to $7.00 in a research report on Friday, September 20th. JMP Securities reaffirmed a “market perform” rating on shares of Ares Commercial Real Estate in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. decreased their price objective on Ares Commercial Real Estate from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Ares Commercial Real Estate currently 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.