Ares Commercial Real Estate Corp (ACRE) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its position in shares of Ares Commercial Real Estate Corp (NYSE:ACRE) by 54.6% during the fourth quarter, Holdings Channel reports. The fund owned 69,844 shares of the company’s stock after selling 83,895 shares during the period. Two Sigma Investments LP’s holdings in Ares Commercial Real Estate Corp were worth $959,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hancock Holding Co. acquired a new position in shares of Ares Commercial Real Estate Corp during the third quarter worth about $132,000. Susquehanna International Group LLP acquired a new position in shares of Ares Commercial Real Estate Corp during the third quarter worth about $144,000. ClariVest Asset Management LLC raised its position in shares of Ares Commercial Real Estate Corp by 31,429.2% in the third quarter. ClariVest Asset Management LLC now owns 15,134 shares of the company’s stock worth $191,000 after buying an additional 15,086 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Ares Commercial Real Estate Corp by 2.7% in the third quarter. Suntrust Banks Inc. now owns 15,150 shares of the company’s stock worth $190,000 after buying an additional 403 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Ares Commercial Real Estate Corp by 5.3% in the third quarter. First Trust Advisors LP now owns 15,499 shares of the company’s stock worth $195,000 after buying an additional 778 shares during the last quarter. 64.94% of the stock is currently owned by institutional investors.

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

Shares of Ares Commercial Real Estate Corp (NYSE:ACRE) opened at 13.16 on Friday. Ares Commercial Real Estate Corp has a 52-week low of $10.51 and a 52-week high of $14.39. The company’s 50 day moving average price is $13.32 and its 200 day moving average price is $13.28. The firm has a market capitalization of $374.55 million, a price-to-earnings ratio of 9.30 and a beta of 0.78.

Ares Commercial Real Estate Corp (NYSE:ACRE) last issued its quarterly earnings data on Tuesday, March 7th. The company reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. The business had revenue of $12.61 million for the quarter, compared to analyst estimates of $13.49 million. Ares Commercial Real Estate Corp had a return on equity of 6.34% and a net margin of 54.20%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. Analysts forecast that Ares Commercial Real Estate Corp will post $1.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.27 per share. This is a positive change from Ares Commercial Real Estate Corp’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.21%. Ares Commercial Real Estate Corp’s dividend payout ratio is currently 71.72%.

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A number of brokerages have issued reports on ACRE. Zacks Investment Research lowered Ares Commercial Real Estate Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. Bank of America Corp lowered Ares Commercial Real Estate Corp from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Ares Commercial Real Estate Corp has a consensus rating of “Hold” and a consensus price target of $13.79.

In related news, Director James E. Skinner acquired 1,960 shares of the stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of $12.78 per share, with a total value of $25,048.80. Following the acquisition, the director now owns 13,896 shares in the company, valued at approximately $177,590.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

About Ares Commercial Real Estate Corp

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking.

5 Day Chart for NYSE:ACRE

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