Jump Financial LLC Lowers Stake in Ares Commercial Real Estate Co. (NYSE:ACRE)

Jump Financial LLC reduced its position in Ares Commercial Real Estate Co. (NYSE:ACREFree Report) by 46.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,814 shares of the real estate investment trust’s stock after selling 30,032 shares during the quarter. Jump Financial LLC owned 0.06% of Ares Commercial Real Estate worth $361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Ares Commercial Real Estate by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 386,179 shares of the real estate investment trust’s stock valued at $4,001,000 after acquiring an additional 1,219 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Ares Commercial Real Estate by 33.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 136,850 shares of the real estate investment trust’s stock worth $1,418,000 after purchasing an additional 34,491 shares in the last quarter. Access Investment Management LLC bought a new position in Ares Commercial Real Estate in the fourth quarter worth about $1,237,000. Nisa Investment Advisors LLC raised its holdings in Ares Commercial Real Estate by 32.4% in the third quarter. Nisa Investment Advisors LLC now owns 51,936 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 12,706 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Ares Commercial Real Estate by 14.4% in the third quarter. Penserra Capital Management LLC now owns 51,638 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 6,519 shares in the last quarter. 41.34% of the stock is currently owned by institutional investors.

Ares Commercial Real Estate Price Performance

Shares of NYSE ACRE opened at $6.56 on Friday. The business’s 50 day moving average price is $7.02 and its 200 day moving average price is $8.63. The firm has a market cap of $357.31 million, a P/E ratio of -7.90 and a beta of 1.42. Ares Commercial Real Estate Co. has a 52 week low of $6.36 and a 52 week high of $11.24. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.29.

Ares Commercial Real Estate (NYSE:ACREGet Free Report) last issued its earnings results on Thursday, May 9th. The real estate investment trust reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.34). The firm had revenue of $18.69 million during the quarter, compared to analysts’ expectations of $43.77 million. Ares Commercial Real Estate had a negative net margin of 54.60% and a positive return on equity of 0.84%. During the same quarter in the prior year, the company earned $0.26 EPS. On average, sell-side analysts expect that Ares Commercial Real Estate Co. will post -0.66 earnings per share for the current year.

Ares Commercial Real Estate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th will be given a $0.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 15.26%. Ares Commercial Real Estate’s dividend payout ratio is presently -120.48%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America reiterated an “underperform” rating and issued a $7.00 target price (down from $11.00) on shares of Ares Commercial Real Estate in a report on Monday, March 4th. UBS Group reduced their target price on shares of Ares Commercial Real Estate from $10.50 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. JPMorgan Chase & Co. dropped their price target on Ares Commercial Real Estate from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. TheStreet lowered Ares Commercial Real Estate from a “c-” rating to a “d+” rating in a research note on Tuesday, March 5th. Finally, Keefe, Bruyette & Woods dropped their price target on Ares Commercial Real Estate from $7.50 to $7.00 and set a “market perform” rating on the stock in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Ares Commercial Real Estate currently has an average rating of “Hold” and an average target price of $8.42.

View Our Latest Analysis on Ares Commercial Real Estate

Insiders Place Their Bets

In related news, CEO Bryan Patrick Donohoe acquired 3,509 shares of the stock in a transaction on Sunday, March 10th. The shares were acquired at an average price of $14.32 per share, for a total transaction of $50,248.88. Following the transaction, the chief executive officer now owns 41,259 shares in the company, valued at approximately $590,828.88. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Ares Commercial Real Estate Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ares Commercial Real Estate (NYSE:ACRE)

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