Yorktown Management & Research Co Inc bought a new stake in Ares Commercial Real Estate Corporation (NYSE:ACRE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 230,000 shares of the real estate investment trust’s stock, valued at approximately $3,011,000. Ares Commercial Real Estate Corporation comprises 1.0% of Yorktown Management & Research Co Inc’s investment portfolio, making the stock its 21st biggest position. Yorktown Management & Research Co Inc owned about 0.81% of Ares Commercial Real Estate Corporation as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ACRE. KAMES CAPITAL plc purchased a new stake in shares of Ares Commercial Real Estate Corporation in the 2nd quarter valued at approximately $3,430,000. Clough Capital Partners L P raised its stake in shares of Ares Commercial Real Estate Corporation by 75.8% in the 1st quarter. Clough Capital Partners L P now owns 349,200 shares of the real estate investment trust’s stock valued at $4,672,000 after acquiring an additional 150,555 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Ares Commercial Real Estate Corporation by 149.3% in the 1st quarter. Nuveen Asset Management LLC now owns 196,257 shares of the real estate investment trust’s stock valued at $2,626,000 after acquiring an additional 117,544 shares during the period. Kennedy Capital Management Inc. raised its stake in shares of Ares Commercial Real Estate Corporation by 113.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 170,749 shares of the real estate investment trust’s stock valued at $2,235,000 after acquiring an additional 90,644 shares during the period. Finally, Thrivent Financial For Lutherans purchased a new stake in shares of Ares Commercial Real Estate Corporation in the 1st quarter valued at approximately $1,184,000. Institutional investors own 65.15% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. JMP Securities boosted their price target on shares of Ares Commercial Real Estate Corporation to $14.00 and gave the company a “market outperform” rating in a research note on Monday, August 7th. BidaskClub raised shares of Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Ares Commercial Real Estate Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.75 price target on shares of Ares Commercial Real Estate Corporation in a research note on Friday, June 9th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.45.

Ares Commercial Real Estate Corporation (NYSE:ACRE) traded down 0.23% during midday trading on Friday, hitting $13.03. 66,201 shares of the stock were exchanged. The stock has a market cap of $372.10 million, a price-to-earnings ratio of 9.35 and a beta of 0.68. Ares Commercial Real Estate Corporation has a 12-month low of $12.24 and a 12-month high of $14.39. The firm has a 50 day moving average of $13.13 and a 200-day moving average of $13.26.

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

The firm also recently declared 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 is Thursday, September 28th. This represents a $1.08 annualized dividend and a yield of 8.26%. Ares Commercial Real Estate Corporation’s payout ratio is 77.14%.

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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.

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

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