Inspire Investing LLC Purchases 10,362 Shares of Ares Commercial Real Estate Co. (NYSE:ACRE)

Inspire Investing LLC grew its holdings in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,543 shares of the real estate investment trust’s stock after acquiring an additional 10,362 shares during the period. Inspire Investing LLC owned 0.13% of Ares Commercial Real Estate worth $404,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in Ares Commercial Real Estate during the second quarter worth approximately $82,000. Sei Investments Co. boosted its holdings in shares of Ares Commercial Real Estate by 52.5% during the 2nd quarter. Sei Investments Co. now owns 30,795 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 10,600 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Ares Commercial Real Estate during the 2nd quarter worth approximately $151,000. AQR Capital Management LLC bought a new stake in shares of Ares Commercial Real Estate in the 2nd quarter valued at $122,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Ares Commercial Real Estate by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,492 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 2,769 shares during the period. 41.34% of the stock is owned by institutional investors.

Ares Commercial Real Estate Price Performance

ACRE stock opened at $5.76 on Friday. The company has a market capitalization of $313.88 million, a P/E ratio of -4.88 and a beta of 1.51. Ares Commercial Real Estate Co. has a 52-week low of $5.33 and a 52-week high of $10.53. The business has a 50-day simple moving average of $6.45 and a two-hundred day simple moving average of $6.82. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 0.87.

Ares Commercial Real Estate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 17.38%. The ex-dividend date was Tuesday, December 31st. Ares Commercial Real Estate’s payout ratio is currently -84.75%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ACRE shares. JPMorgan Chase & Co. cut their target price on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 17th. Keefe, Bruyette & Woods dropped their price target on Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.80.

Ares Commercial Real Estate 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.