KAMES CAPITAL plc Has $3.64 Million Holdings in Ares Commercial Real Estate Corp (ACRE)

KAMES CAPITAL plc increased its position in Ares Commercial Real Estate Corp (NYSE:ACRE) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,225 shares of the real estate investment trust’s stock after purchasing an additional 18,369 shares during the period. KAMES CAPITAL plc owned approximately 0.99% of Ares Commercial Real Estate worth $3,644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Delphi Management Inc. MA purchased a new stake in shares of Ares Commercial Real Estate during the 3rd quarter valued at $850,000. California Public Employees Retirement System increased its position in shares of 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 valued at $1,236,000 after purchasing an additional 24,998 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Ares Commercial Real Estate during the 3rd quarter valued at $140,000. Beck Capital Management LLC purchased a new stake in shares of Ares Commercial Real Estate during the 3rd quarter valued at $783,000. Finally, Mackenzie Financial Corp increased its position in shares of Ares Commercial Real Estate by 68.6% during the 3rd quarter. Mackenzie Financial Corp now owns 53,530 shares of the real estate investment trust’s stock valued at $712,000 after purchasing an additional 21,783 shares during the last quarter. 63.18% of the stock is owned by institutional investors and hedge funds.

Shares of Ares Commercial Real Estate Corp (NYSE:ACRE) traded down $0.20 on Friday, hitting $12.37. The stock had a trading volume of 159,312 shares, compared to its average volume of 127,876. The company has a market cap of $353.66, a P/E ratio of 10.85 and a beta of 0.62. Ares Commercial Real Estate Corp has a 12-month low of $12.34 and a 12-month high of $14.22.

Ares Commercial Real Estate (NYSE:ACRE) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.11. The company had revenue of $28.55 million for the quarter, compared to analysts’ expectations of $11.71 million. Ares Commercial Real Estate had a return on equity of 7.76% and a net margin of 33.69%. During the same period last year, the firm posted $0.31 EPS. sell-side analysts forecast that Ares Commercial Real Estate Corp will post 1.09 earnings per share for the current fiscal year.

ACRE has been the subject of several recent research reports. BidaskClub lowered Ares Commercial Real Estate from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. ValuEngine upgraded Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. B. Riley restated a “buy” rating and issued a $14.00 target price on shares of Ares Commercial Real Estate in a research note on Tuesday, January 9th. Finally, Zacks Investment Research downgraded Ares Commercial Real Estate from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.13.

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Ares Commercial Real Estate 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.

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

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