Wells Fargo & Company MN Has $5.26 Million Stake in Ares Commercial Real Estate Corp (ACRE)

Wells Fargo & Company MN reduced its stake in Ares Commercial Real Estate Corp (NYSE:ACRE) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394,820 shares of the real estate investment trust’s stock after selling 60,013 shares during the period. Wells Fargo & Company MN owned approximately 1.38% of Ares Commercial Real Estate worth $5,255,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its holdings in shares of Ares Commercial Real Estate by 2.2% in the third quarter. Boston Partners now owns 2,202,746 shares of the real estate investment trust’s stock worth $29,319,000 after acquiring an additional 48,396 shares during the period. Vanguard Group Inc. boosted its stake in Ares Commercial Real Estate by 4.2% during the second quarter. Vanguard Group Inc. now owns 1,238,404 shares of the real estate investment trust’s stock valued at $16,211,000 after buying an additional 49,469 shares during the period. Telemus Capital LLC boosted its stake in Ares Commercial Real Estate by 10.0% during the third quarter. Telemus Capital LLC now owns 471,597 shares of the real estate investment trust’s stock valued at $6,277,000 after buying an additional 42,967 shares during the period. Nomura Holdings Inc. boosted its stake in Ares Commercial Real Estate by 2.3% during the second quarter. Nomura Holdings Inc. now owns 437,401 shares of the real estate investment trust’s stock valued at $5,732,000 after buying an additional 9,803 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in Ares Commercial Real Estate by 0.3% during the second quarter. Neuberger Berman Group LLC now owns 423,005 shares of the real estate investment trust’s stock valued at $5,537,000 after buying an additional 1,275 shares during the period. 63.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Ares Commercial Real Estate Corp (NYSE ACRE) opened at $12.55 on Thursday. The stock has a market capitalization of $365.67, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.52 and a beta of 0.69. Ares Commercial Real Estate Corp has a 52 week low of $12.48 and a 52 week high of $14.22.

Ares Commercial Real Estate (NYSE:ACRE) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.11. Ares Commercial Real Estate had a return on equity of 7.76% and a net margin of 33.69%. The business had revenue of $28.55 million for the quarter, compared to the consensus estimate of $11.71 million. During the same quarter last year, the business posted $0.31 earnings per share. equities analysts anticipate that Ares Commercial Real Estate Corp will post 1.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.61%. Ares Commercial Real Estate’s payout ratio is 94.74%.

Several equities research analysts recently issued reports on ACRE shares. Zacks Investment Research raised Ares Commercial Real Estate from a “sell” rating to a “hold” rating and set a $14.00 price objective for the company in a research note on Monday, November 6th. BidaskClub lowered Ares Commercial Real Estate from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. ValuEngine raised Ares Commercial Real Estate from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, B. Riley reissued a “buy” rating on shares of Ares Commercial Real Estate in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.17.

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Ares Commercial Real Estate Company 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 (NYSE:ACRE)

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