Ares Commercial Real Estate Corp (ACRE) Shares Bought by KAMES CAPITAL plc

KAMES CAPITAL plc increased its holdings in shares of Ares Commercial Real Estate Corp (NYSE:ACRE) by 7.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 282,225 shares of the real estate investment trust’s stock after purchasing an additional 18,369 shares during the quarter. KAMES CAPITAL plc owned 0.99% of Ares Commercial Real Estate worth $3,644,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Delphi Management Inc. MA acquired a new stake in Ares Commercial Real Estate during the 3rd quarter worth approximately $850,000. California Public Employees Retirement System increased its position in Ares Commercial Real Estate by 36.8% during the 3rd quarter. California Public Employees Retirement System now owns 92,898 shares of the real estate investment trust’s stock worth $1,236,000 after purchasing an additional 24,998 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Ares Commercial Real Estate in the third quarter valued at approximately $140,000. Beck Capital Management LLC acquired a new stake in Ares Commercial Real Estate in the third quarter valued at approximately $783,000. Finally, Mackenzie Financial Corp grew its position in 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 valued at $712,000 after acquiring an additional 21,783 shares in the last quarter. 63.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Ares Commercial Real Estate Corp (NYSE ACRE) opened at $12.89 on Friday. Ares Commercial Real Estate Corp has a 1 year low of $12.48 and a 1 year high of $14.22. The firm has a market cap of $369.67, a P/E ratio of 11.24, a PEG ratio of 1.52 and a beta of 0.69.

Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. Ares Commercial Real Estate had a net margin of 33.69% and a return on equity of 7.76%. The business had revenue of $28.55 million during the quarter, compared to the consensus estimate of $11.71 million. During the same quarter last year, the company earned $0.31 earnings per share. research analysts anticipate that Ares Commercial Real Estate Corp will post 1.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date is Thursday, December 28th. Ares Commercial Real Estate’s payout ratio is currently 94.74%.

Several analysts have issued reports on ACRE shares. Zacks Investment Research raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. BidaskClub raised shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. B. Riley reaffirmed a “buy” rating on shares of Ares Commercial Real Estate in a research report on Thursday, November 2nd. Finally, ValuEngine raised shares of Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.13.

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Ares Commercial Real Estate Company Profile

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.

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

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