Nisa Investment Advisors LLC Has $205,000 Stake in Ares Commercial Real Estate Co. (NYSE:ACRE)

Nisa Investment Advisors LLC trimmed its position in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) by 61.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,813 shares of the real estate investment trust’s stock after selling 32,123 shares during the period. Nisa Investment Advisors LLC’s holdings in Ares Commercial Real Estate were worth $205,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Ares Commercial Real Estate by 33.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 136,850 shares of the real estate investment trust’s stock valued at $1,418,000 after purchasing an additional 34,491 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Ares Commercial Real Estate by 21.9% in the 4th quarter. SG Americas Securities LLC now owns 29,395 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 5,286 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Ares Commercial Real Estate by 13.1% in the 3rd quarter. Deutsche Bank AG now owns 26,343 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 3,059 shares in the last quarter. Graham Capital Management L.P. boosted its stake in shares of Ares Commercial Real Estate by 65.2% in the 3rd quarter. Graham Capital Management L.P. now owns 19,813 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 7,822 shares in the last quarter. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Ares Commercial Real Estate in the 3rd quarter valued at approximately $572,000. 41.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ACRE shares. UBS Group reduced their price target on shares of Ares Commercial Real Estate from $10.50 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th. JPMorgan Chase & Co. reduced their price target on shares of 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. Keefe, Bruyette & Woods cut their target price on shares of Ares Commercial Real Estate from $8.00 to $7.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. TheStreet downgraded shares of Ares Commercial Real Estate from a “c-” rating to a “d+” rating in a research report on Tuesday, March 5th. Finally, Bank of America reiterated an “underperform” rating and set a $7.00 target price (down from $11.00) on shares of Ares Commercial Real Estate in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.79.

Ares Commercial Real Estate Stock Up 2.3 %

Ares Commercial Real Estate stock opened at $6.56 on Friday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.43 and a current ratio of 1.43. Ares Commercial Real Estate Co. has a 52-week low of $6.36 and a 52-week high of $11.24. The firm has a 50 day moving average price of $7.49 and a two-hundred day moving average price of $9.05. The firm has a market cap of $357.01 million, a price-to-earnings ratio of -9.11 and a beta of 1.41.

Ares Commercial Real Estate Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 15.24%. Ares Commercial Real Estate’s payout ratio is -138.89%.

Insiders Place Their Bets

In other news, CEO Bryan Patrick Donohoe purchased 3,509 shares of the stock in a transaction on Sunday, March 10th. The stock was purchased at an average price of $14.32 per share, for a total transaction of $50,248.88. Following the acquisition, the chief executive officer now owns 41,259 shares in the company, valued at $590,828.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Bryan Patrick Donohoe purchased 3,509 shares of the stock in a transaction on Sunday, March 10th. The stock was purchased at an average price of $14.32 per share, for a total transaction of $50,248.88. Following the acquisition, the chief executive officer now owns 41,259 shares in the company, valued at $590,828.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anton Feingold sold 5,890 shares of Ares Commercial Real Estate stock in a transaction on Monday, January 29th. The shares were sold at an average price of $10.37, for a total transaction of $61,079.30. Following the completion of the sale, the vice president now owns 68,975 shares of the company’s stock, valued at approximately $715,270.75. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

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.