Delphi Management Inc. MA acquired a new position in Ares Commercial Real Estate Corp (NYSE:ACRE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,888 shares of the real estate investment trust’s stock, valued at approximately $850,000. Delphi Management Inc. MA owned approximately 0.22% of Ares Commercial Real Estate as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC bought a new stake in shares of Ares Commercial Real Estate in the second quarter worth $448,000. California Public Employees Retirement System lifted its position in shares of Ares Commercial Real Estate by 39.7% in the second quarter. California Public Employees Retirement System now owns 67,900 shares of the real estate investment trust’s stock worth $889,000 after purchasing an additional 19,300 shares in the last quarter. Relative Value Partners Group LLC lifted its position in shares of Ares Commercial Real Estate by 16.8% in the third quarter. Relative Value Partners Group LLC now owns 308,840 shares of the real estate investment trust’s stock worth $4,194,000 after purchasing an additional 44,405 shares in the last quarter. Vanguard Group Inc. increased its holdings in Ares Commercial Real Estate by 7.2% during the first quarter. Vanguard Group Inc. now owns 1,188,935 shares of the real estate investment trust’s stock worth $15,908,000 after buying an additional 79,338 shares during the last quarter. Finally, Telemus Capital LLC increased its holdings in Ares Commercial Real Estate by 10.0% during the third quarter. Telemus Capital LLC now owns 471,597 shares of the real estate investment trust’s stock worth $6,277,000 after buying an additional 42,967 shares during the last quarter. 63.19% of the stock is currently owned by institutional investors and hedge funds.

Ares Commercial Real Estate Corp (ACRE) opened at $13.43 on Thursday. Ares Commercial Real Estate Corp has a fifty-two week low of $12.48 and a fifty-two week high of $14.22. The company has a market cap of $381.39, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.72 and a beta of 0.69.

Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.11. Ares Commercial Real Estate had a net margin of 33.69% and a return on equity of 7.76%. The business had revenue of $28.55 million for the quarter, compared to the consensus estimate of $11.71 million. During the same period in the prior year, the company posted $0.31 earnings per share. equities research analysts expect that Ares Commercial Real Estate Corp will post 1.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.08 annualized dividend and a yield of 8.04%. Ares Commercial Real Estate’s dividend payout ratio is 94.74%.

A number of equities analysts recently weighed in on ACRE shares. BidaskClub downgraded shares of Ares Commercial Real Estate from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. ValuEngine upgraded shares of Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. B. Riley restated a “buy” rating on shares of Ares Commercial Real Estate in a report on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods set a $14.00 target price on shares of Ares Commercial Real Estate and gave the stock a “hold” rating in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Ares Commercial Real Estate presently has a consensus rating of “Hold” and a consensus price target of $14.17.

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Ares Commercial Real Estate 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 (NYSE:ACRE)

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