XTX Topco Ltd Makes New Investment in Ares Commercial Real Estate Co. (NYSE:ACRE)

XTX Topco Ltd purchased a new stake in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,384 shares of the real estate investment trust’s stock, valued at approximately $82,000.

A number of other large investors have also recently made changes to their positions in the stock. Prevail Innovative Wealth Advisors LLC bought a new position in Ares Commercial Real Estate during the second quarter valued at approximately $894,000. Bright Futures Wealth Management LLC. lifted its holdings in shares of Ares Commercial Real Estate by 11.2% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 93,962 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 9,464 shares during the period. Quest Partners LLC boosted its stake in shares of Ares Commercial Real Estate by 1,329,500.0% in the 2nd quarter. Quest Partners LLC now owns 13,296 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 13,295 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ares Commercial Real Estate by 12.7% in the second quarter. Victory Capital Management Inc. now owns 84,500 shares of the real estate investment trust’s stock worth $562,000 after acquiring an additional 9,500 shares during the period. Finally, Rhumbline Advisers increased its position in Ares Commercial Real Estate by 2.1% during the second quarter. Rhumbline Advisers now owns 86,466 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 1,797 shares during the last quarter. 41.34% of the stock is currently owned by institutional investors.

Ares Commercial Real Estate Stock Down 2.9 %

ACRE stock opened at $6.80 on Wednesday. The business’s 50-day moving average price is $7.17 and its 200-day moving average price is $7.08. The stock has a market cap of $370.65 million, a P/E ratio of -8.19 and a beta of 1.45. Ares Commercial Real Estate Co. has a twelve month low of $6.36 and a twelve month high of $11.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.32.

Ares Commercial Real Estate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.71%. Ares Commercial Real Estate’s dividend payout ratio (DPR) is presently -120.48%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com cut Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Wells Fargo & Company downgraded shares of Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $7.50 to $7.00 in a report on Friday, September 20th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Ares Commercial Real Estate in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, Ares Commercial Real Estate currently has an average rating of “Hold” and an average price target of $7.20.

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.