Ares Commercial Real Estate Corporation (NYSE:ACRE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) by 9.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,863 shares of the real estate investment trust’s stock after selling 3,476 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of Ares Commercial Real Estate worth $162,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ACRE. Arlington Trust Co LLC acquired a new position in Ares Commercial Real Estate in the first quarter worth about $28,000. Summit Securities Group LLC grew its position in Ares Commercial Real Estate by 139.7% in the fourth quarter. Summit Securities Group LLC now owns 6,700 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 3,905 shares during the last quarter. McIlrath & Eck LLC acquired a new position in Ares Commercial Real Estate in the fourth quarter worth approximately $54,000. Brown Brothers Harriman & Co. purchased a new position in Ares Commercial Real Estate during the 4th quarter worth approximately $69,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Ares Commercial Real Estate by 472.0% in the 4th quarter. Farther Finance Advisors LLC now owns 14,301 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 11,801 shares during the period. 41.34% of the stock is owned by hedge funds and other institutional investors.

Ares Commercial Real Estate Trading Down 0.6%

Shares of NYSE:ACRE opened at $4.52 on Friday. The firm has a 50 day moving average of $4.79 and a 200-day moving average of $4.85. The stock has a market capitalization of $248.37 million, a PE ratio of -18.06, a PEG ratio of 3.65 and a beta of 1.31. Ares Commercial Real Estate Corporation has a 12 month low of $3.35 and a 12 month high of $7.99.

Ares Commercial Real Estate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.29%. The ex-dividend date of this dividend was Monday, June 30th. Ares Commercial Real Estate’s dividend payout ratio is currently -240.00%.

Analyst Ratings Changes

ACRE has been the subject of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Monday, April 21st. UBS Group upped their price objective on shares of Ares Commercial Real Estate from $3.75 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Ares Commercial Real Estate from $4.50 to $4.80 and gave the stock a “market perform” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.58.

Ares Commercial Real Estate Profile

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