BNP Paribas Arbitrage SA raised its stake in Ares Commercial Real Estate Corp (NYSE:ACRE) by 216.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,578 shares of the real estate investment trust’s stock after buying an additional 3,817 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Ares Commercial Real Estate were worth $85,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACRE. Advisor Group Inc. purchased a new position in shares of Ares Commercial Real Estate during the 4th quarter worth $69,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Ares Commercial Real Estate by 431.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,614 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 7,805 shares during the period. LPL Financial LLC purchased a new position in shares of Ares Commercial Real Estate during the 4th quarter worth $143,000. Principal Financial Group Inc. purchased a new position in shares of Ares Commercial Real Estate during the 4th quarter worth $249,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Ares Commercial Real Estate during the 4th quarter valued at about $334,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Shares of Ares Commercial Real Estate stock opened at $14.92 on Tuesday. Ares Commercial Real Estate Corp has a 12 month low of $12.75 and a 12 month high of $15.53. The stock has a market cap of $423.79 million, a P/E ratio of 10.72 and a beta of 0.60.

Ares Commercial Real Estate (NYSE:ACRE) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Ares Commercial Real Estate had a net margin of 31.83% and a return on equity of 9.19%. The firm had revenue of $27.99 million for the quarter. As a group, equities analysts anticipate that Ares Commercial Real Estate Corp will post 1.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Friday, June 28th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date of this dividend is Thursday, June 27th. Ares Commercial Real Estate’s dividend payout ratio (DPR) is 94.96%.

A number of equities analysts recently commented on the company. ValuEngine upgraded Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research cut Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $15.20.

In related news, Director Rand Scott April purchased 9,730 shares of Ares Commercial Real Estate stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $15.42 per share, with a total value of $150,036.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director William Stephen Benjamin purchased 3,300 shares of Ares Commercial Real Estate stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $15.16 per share, for a total transaction of $50,028.00. The disclosure for this purchase can be found here. Company insiders own 2.21% of the company’s stock.

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About Ares Commercial Real Estate

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.

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

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