Beck Capital Management LLC Takes $783,000 Position in Ares Commercial Real Estate Corp (ACRE)

Beck Capital Management LLC acquired a new position in shares of Ares Commercial Real Estate Corp (NYSE:ACRE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 58,800 shares of the real estate investment trust’s stock, valued at approximately $783,000. Beck Capital Management LLC owned approximately 0.21% of Ares Commercial Real Estate at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Mackenzie Financial Corp lifted its stake in shares of Ares Commercial Real Estate by 68.6% in the third quarter. Mackenzie Financial Corp now owns 53,530 shares of the real estate investment trust’s stock worth $712,000 after buying an additional 21,783 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Ares Commercial Real Estate in the third quarter worth approximately $185,000. JPMorgan Chase & Co. lifted its stake in shares of Ares Commercial Real Estate by 505.8% in the third quarter. JPMorgan Chase & Co. now owns 48,658 shares of the real estate investment trust’s stock worth $649,000 after buying an additional 40,626 shares in the last quarter. Relative Value Partners Group LLC lifted its stake in shares of Ares Commercial Real Estate by 16.8% in the third quarter. Relative Value Partners Group LLC now owns 308,840 shares of the real estate investment trust’s stock worth $4,194,000 after buying an additional 44,405 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Ares Commercial Real Estate in the third quarter worth approximately $103,000. 63.19% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ares Commercial Real Estate from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. JMP Securities restated an “outperform” rating and set a $14.50 price objective (down previously from $15.00) on shares of Ares Commercial Real Estate in a research report on Thursday, August 10th. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Ares Commercial Real Estate and gave the company a “hold” rating in a research report on Thursday, August 17th. Finally, ValuEngine upgraded shares of Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.17.

Shares of Ares Commercial Real Estate Corp (NYSE:ACRE) opened at $13.38 on Wednesday. The stock has a market cap of $383.39, a PE ratio of 11.66, a PEG ratio of 1.73 and a beta of 0.69. Ares Commercial Real Estate Corp has a twelve month low of $12.48 and a twelve month high of $14.39.

Ares Commercial Real Estate (NYSE:ACRE) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.11. The firm had revenue of $28.55 million during the quarter, compared to analyst estimates of $11.71 million. Ares Commercial Real Estate had a net margin of 33.69% and a return on equity of 7.76%. During the same quarter last year, the business earned $0.31 EPS. equities analysts forecast that Ares Commercial Real Estate Corp will post 1.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.08 annualized dividend and a dividend yield of 8.07%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is presently 94.74%.

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About Ares Commercial Real Estate

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities.

Institutional Ownership by Quarter for Ares Commercial Real Estate (NYSE:ACRE)

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