Joel Isaacson & Co. LLC continued to hold its position in shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) during the second quarter, according to its most recent filing with the SEC. The firm owned 72,547 shares of the real estate investment trust’s stock at the end of the second quarter. Joel Isaacson & Co. LLC owned 0.25% of Ares Commercial Real Estate Corporation worth $950,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ACRE. Edge Wealth Management LLC increased its position in Ares Commercial Real Estate Corporation by 900.0% in the second quarter. Edge Wealth Management LLC now owns 10,000 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 9,000 shares during the period. Tudor Investment Corp ET AL increased its position in Ares Commercial Real Estate Corporation by 1.5% in the first quarter. Tudor Investment Corp ET AL now owns 10,705 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 158 shares during the period. Hancock Holding Co. increased its position in Ares Commercial Real Estate Corporation by 26.0% in the first quarter. Hancock Holding Co. now owns 13,162 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 2,713 shares during the period. ClariVest Asset Management LLC increased its position in Ares Commercial Real Estate Corporation by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 15,494 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 791 shares during the period. Finally, American International Group Inc. increased its position in Ares Commercial Real Estate Corporation by 6.9% in the first quarter. American International Group Inc. now owns 16,512 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 1,060 shares during the period. 66.87% of the stock is currently owned by institutional investors.

Shares of Ares Commercial Real Estate Corporation (NYSE ACRE) opened at 13.35 on Wednesday. The firm has a market capitalization of $380.06 million, a PE ratio of 9.12 and a beta of 0.69. The company’s 50 day moving average is $13.13 and its 200 day moving average is $13.33. Ares Commercial Real Estate Corporation has a 12-month low of $12.13 and a 12-month high of $14.39.

Ares Commercial Real Estate Corporation (NYSE:ACRE) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Ares Commercial Real Estate Corporation had a return on equity of 7.07% and a net margin of 45.06%. The business had revenue of $10.40 million during the quarter, compared to analysts’ expectations of $10.85 million. During the same period in the prior year, the business earned $0.31 EPS. Ares Commercial Real Estate Corporation’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts forecast that Ares Commercial Real Estate Corporation will post $1.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.09%. Ares Commercial Real Estate Corporation’s payout ratio is 77.14%.

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Several research analysts have recently weighed in on the stock. JMP Securities lifted their target price on shares of Ares Commercial Real Estate Corporation to $14.00 and gave the stock a “market outperform” rating in a research report on Monday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.75 target price on shares of Ares Commercial Real Estate Corporation in a research report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Ares Commercial Real Estate Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Credit Suisse Group reissued a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.07.

Ares Commercial Real Estate Corporation 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.

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

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