Marshall Wace North America L.P. acquired a new position in shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,828 shares of the real estate investment trust’s stock, valued at approximately $401,000. Marshall Wace North America L.P. owned approximately 0.11% of Ares Commercial Real Estate Corporation as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. TFS Capital LLC acquired a new position in shares of Ares Commercial Real Estate Corporation in the 1st quarter valued at $227,000. Hancock Holding Co. lifted its stake in shares of Ares Commercial Real Estate Corporation by 26.0% in the 1st quarter. Hancock Holding Co. now owns 13,162 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 2,713 shares during the period. Karp Capital Management Corp acquired a new position in shares of Ares Commercial Real Estate Corporation in the 1st quarter valued at $277,000. Vanguard Group Inc. lifted its stake in shares of Ares Commercial Real Estate Corporation by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 1,188,935 shares of the real estate investment trust’s stock valued at $15,908,000 after purchasing an additional 79,338 shares during the period. Finally, American International Group Inc. lifted its stake in shares of Ares Commercial Real Estate Corporation by 6.9% in the 1st quarter. American International Group Inc. now owns 16,512 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 1,060 shares during the period. 65.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ares Commercial Real Estate Corporation (ACRE) opened at 13.00 on Thursday. Ares Commercial Real Estate Corporation has a 52-week low of $12.13 and a 52-week high of $14.39. The company has a market cap of $371.24 million, a PE ratio of 9.33 and a beta of 0.68. The company has a 50 day moving average of $13.12 and a 200-day moving average of $13.26.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $10.40 million for the quarter, compared to analyst estimates of $10.85 million. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. Ares Commercial Real Estate Corporation’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Analysts forecast that Ares Commercial Real Estate Corporation will post $1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.08 annualized dividend and a yield of 8.31%. Ares Commercial Real Estate Corporation’s payout ratio is 77.14%.

A number of research analysts have recently weighed in on the company. BidaskClub downgraded Ares Commercial Real Estate Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods set a $14.00 price target on Ares Commercial Real Estate Corporation and gave the company a “hold” rating in a research note on Thursday, August 17th. JMP Securities reissued an “outperform” rating and issued a $14.50 price target (down previously from $15.00) on shares of Ares Commercial Real Estate Corporation in a research note on Thursday, August 10th. Zacks Investment Research downgraded Ares Commercial Real Estate Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Ares Commercial Real Estate Corporation currently has an average rating of “Hold” and an average target price of $14.45.

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About Ares Commercial Real Estate Corporation

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 Corporation (NYSE:ACRE)

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