Swiss National Bank purchased a new position in shares of Ares Commercial Real Estate Corp (NYSE:ACRE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,100 shares of the real estate investment trust’s stock, valued at approximately $715,000. Swiss National Bank owned about 0.17% of Ares Commercial Real Estate as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LSV Asset Management raised its stake in shares of Ares Commercial Real Estate by 26.7% during the 1st quarter. LSV Asset Management now owns 268,986 shares of the real estate investment trust’s stock worth $4,085,000 after buying an additional 56,686 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Ares Commercial Real Estate during the 1st quarter worth about $460,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Ares Commercial Real Estate by 128.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,700 shares of the real estate investment trust’s stock worth $922,000 after purchasing an additional 34,075 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Ares Commercial Real Estate by 216.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,578 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 3,817 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in Ares Commercial Real Estate by 96.6% during the 2nd quarter. WINTON GROUP Ltd now owns 66,262 shares of the real estate investment trust’s stock worth $985,000 after purchasing an additional 32,553 shares in the last quarter. 63.09% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Monday, July 8th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Ares Commercial Real Estate presently has a consensus rating of “Buy” and an average target price of $15.50.

Ares Commercial Real Estate stock traded up $0.01 during midday trading on Friday, reaching $15.65. 486 shares of the company were exchanged, compared to its average volume of 129,322. The company has a market capitalization of $448.91 million, a price-to-earnings ratio of 11.24 and a beta of 0.59. The firm’s 50-day simple moving average is $15.20 and its 200-day simple moving average is $15.13. Ares Commercial Real Estate Corp has a 1 year low of $12.75 and a 1 year high of $15.76. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.10 and a current ratio of 0.10.

Ares Commercial Real Estate (NYSE:ACRE) last posted its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $29.99 million during the quarter, compared to analysts’ expectations of $27.80 million. Ares Commercial Real Estate had a return on equity of 9.29% and a net margin of 32.10%. On average, analysts forecast that Ares Commercial Real Estate Corp will post 1.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend is Friday, September 27th. Ares Commercial Real Estate’s dividend payout ratio is presently 94.96%.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, real estate preferred equity investments, mezzanine loans, and other CRE investments.

See Also: Buyback

Want to see what other hedge funds are holding ACRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Commercial Real Estate Corp (NYSE:ACRE).

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

Receive News & Ratings for Ares Commercial Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Commercial Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.