EntryPoint Capital LLC Invests $84,000 in Ares Commercial Real Estate Co. (NYSE:ACRE)

EntryPoint Capital LLC acquired a new position in shares of Ares Commercial Real Estate Co. (NYSE:ACRE) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,339 shares of the real estate investment trust’s stock, valued at approximately $84,000.

Several other large investors have also recently modified their holdings of ACRE. MGO One Seven LLC increased its position in Ares Commercial Real Estate by 2,609.3% during the fourth quarter. MGO One Seven LLC now owns 570,331 shares of the real estate investment trust’s stock worth $5,909,000 after purchasing an additional 549,280 shares during the last quarter. Access Investment Management LLC acquired a new stake in Ares Commercial Real Estate during the fourth quarter worth about $1,237,000. BI Asset Management Fondsmaeglerselskab A S increased its position in Ares Commercial Real Estate by 67.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 257,235 shares of the real estate investment trust’s stock worth $1,916,000 after purchasing an additional 103,902 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Ares Commercial Real Estate by 11.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,404 shares of the real estate investment trust’s stock worth $5,889,000 after purchasing an additional 81,534 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Ares Commercial Real Estate during the fourth quarter worth about $676,000. Institutional investors own 41.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ACRE. JPMorgan Chase & Co. dropped their price target on shares of Ares Commercial Real Estate from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. StockNews.com cut shares of Ares Commercial Real Estate from a “hold” rating to a “sell” rating in a research report on Monday, May 27th. Keefe, Bruyette & Woods dropped their price target on shares of Ares Commercial Real Estate from $7.50 to $7.00 and set a “market perform” rating for the company in a research report on Friday, May 10th. Finally, BTIG Research reissued a “neutral” rating on shares of Ares Commercial Real Estate in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.42.

Ares Commercial Real Estate Stock Up 1.2 %

Ares Commercial Real Estate stock traded up $0.09 during trading on Friday, reaching $7.66. The stock had a trading volume of 145,688 shares, compared to its average volume of 634,695. Ares Commercial Real Estate Co. has a 52-week low of $6.36 and a 52-week high of $11.24. The business has a 50 day moving average price of $7.04 and a 200 day moving average price of $7.66. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.29. The stock has a market cap of $417.55 million, a PE ratio of -9.20 and a beta of 1.46.

Ares Commercial Real Estate (NYSE:ACRE) last issued its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.34). The company had revenue of $18.69 million for the quarter, compared to analysts’ expectations of $43.77 million. Ares Commercial Real Estate had a positive return on equity of 0.84% and a negative net margin of 54.60%. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, analysts predict that Ares Commercial Real Estate Co. will post -0.3 EPS for the current year.

Ares Commercial Real Estate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Friday, June 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 13.05%. Ares Commercial Real Estate’s dividend payout ratio is presently -120.48%.

About Ares Commercial Real Estate

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.