Ares Commercial Real Estate Corporation (ACRE) Holdings Increased by Nomura Holdings Inc.

Nomura Holdings Inc. grew its holdings in Ares Commercial Real Estate Corporation (NYSE:ACRE) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,401 shares of the real estate investment trust’s stock after purchasing an additional 9,803 shares during the period. Nomura Holdings Inc. owned about 1.53% of Ares Commercial Real Estate Corporation worth $5,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Ares Commercial Real Estate Corporation by 7.2% in 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 purchasing an additional 79,338 shares during the period. Karp Capital Management Corp purchased a new stake in Ares Commercial Real Estate Corporation in the first quarter worth $277,000. American International Group Inc. increased its stake in Ares Commercial Real Estate Corporation by 6.9% in the first quarter. American International Group Inc. now owns 16,512 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 1,060 shares during the period. Clough Capital Partners L P increased its stake in Ares Commercial Real Estate Corporation by 75.8% in the first quarter. Clough Capital Partners L P now owns 349,200 shares of the real estate investment trust’s stock worth $4,672,000 after purchasing an additional 150,555 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Ares Commercial Real Estate Corporation by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 123,793 shares of the real estate investment trust’s stock worth $1,656,000 after purchasing an additional 9,833 shares during the period. Institutional investors and hedge funds own 65.15% of the company’s stock.

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A number of analysts have weighed in on ACRE shares. BidaskClub lowered Ares Commercial Real Estate Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods set a $14.00 target price on Ares Commercial Real Estate Corporation and gave the stock a “hold” rating in a research note on Thursday, August 17th. JMP Securities reiterated an “outperform” rating and issued a $14.50 target price (down previously from $15.00) on shares of Ares Commercial Real Estate Corporation in a research note on Thursday, August 10th. Zacks Investment Research upgraded Ares Commercial Real Estate Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.45.

Shares of Ares Commercial Real Estate Corporation (NYSE:ACRE) traded up 0.52% during trading on Wednesday, hitting $13.55. The stock had a trading volume of 11,694 shares. Ares Commercial Real Estate Corporation has a 12 month low of $12.24 and a 12 month high of $14.39. The company’s 50 day moving average price is $13.25 and its 200 day moving average price is $13.27. The stock has a market cap of $387.30 million, a price-to-earnings ratio of 13.97 and a beta of 0.69.

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

The company also recently disclosed 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 dividend yield of 8.01%. Ares Commercial Real Estate Corporation’s dividend payout ratio is presently 77.14%.

Ares Commercial Real Estate Corporation 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 Corporation (NYSE:ACRE)

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