Ares Commercial Real Estate Corporation $ACRE Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in Ares Commercial Real Estate Corporation (NYSE:ACRE) by 15.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,106 shares of the real estate investment trust’s stock after selling 9,966 shares during the quarter. Deutsche Bank AG owned approximately 0.10% of Ares Commercial Real Estate worth $255,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ACRE. Arlington Trust Co LLC acquired a new stake in shares of Ares Commercial Real Estate in the 1st quarter valued at about $28,000. McIlrath & Eck LLC acquired a new stake in shares of Ares Commercial Real Estate in the 4th quarter valued at about $54,000. ProShare Advisors LLC raised its stake in shares of Ares Commercial Real Estate by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 15,045 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 4,950 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Ares Commercial Real Estate in the 4th quarter valued at about $123,000. Finally, Private Advisor Group LLC raised its stake in shares of Ares Commercial Real Estate by 18.0% in the 1st quarter. Private Advisor Group LLC now owns 34,472 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 5,267 shares in the last quarter. Institutional investors and hedge funds own 41.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ACRE shares. UBS Group cut their target price on shares of Ares Commercial Real Estate from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Zacks Research upgraded shares of Ares Commercial Real Estate to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen lowered shares of Ares Commercial Real Estate from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Ares Commercial Real Estate from $4.80 to $4.25 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $5.31.

Ares Commercial Real Estate Stock Performance

Shares of NYSE:ACRE opened at $4.73 on Friday. The stock has a market capitalization of $259.92 million, a price-to-earnings ratio of -13.90 and a beta of 1.33. Ares Commercial Real Estate Corporation has a 1-year low of $3.35 and a 1-year high of $7.83. The company has a 50 day moving average price of $4.61 and a 200 day moving average price of $4.57.

Ares Commercial Real Estate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Tuesday, September 30th. Ares Commercial Real Estate’s dividend payout ratio (DPR) is presently -176.47%.

About Ares Commercial Real Estate

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.