Ares Commercial Real Estate Co. (NYSE:ACRE) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its holdings in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) by 8.8% in the third quarter, Holdings Channel reports. The firm owned 58,181 shares of the real estate investment trust’s stock after buying an additional 4,714 shares during the quarter. Inspire Investing LLC’s holdings in Ares Commercial Real Estate were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new stake in shares of Ares Commercial Real Estate in the second quarter valued at about $68,000. XTX Topco Ltd purchased a new stake in Ares Commercial Real Estate during the 2nd quarter valued at approximately $82,000. EntryPoint Capital LLC acquired a new stake in Ares Commercial Real Estate during the 1st quarter worth approximately $84,000. Quest Partners LLC grew 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 valued at $88,000 after purchasing an additional 13,295 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Ares Commercial Real Estate in the first quarter valued at approximately $108,000. 41.34% of the stock is owned by hedge funds and other institutional investors.

Ares Commercial Real Estate Stock Performance

Shares of ACRE opened at $6.71 on Friday. Ares Commercial Real Estate Co. has a 12-month low of $6.36 and a 12-month high of $11.24. The stock has a market cap of $365.74 million, a P/E ratio of -8.08 and a beta of 1.45. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.32. The company has a 50-day moving average of $6.99 and a two-hundred day moving average of $7.01.

Ares Commercial Real Estate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.90%. The ex-dividend date was Monday, September 30th. Ares Commercial Real Estate’s payout ratio is currently -120.48%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACRE shares. JPMorgan Chase & Co. decreased their price target on Ares Commercial Real Estate from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday. StockNews.com cut shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Wells Fargo & Company downgraded Ares Commercial Real Estate from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $7.50 to $7.00 in a research note on Friday, September 20th. Finally, BTIG Research restated a “neutral” rating on shares of Ares Commercial Real Estate in a research report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.10.

Ares Commercial Real Estate Company 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.