Cura Wealth Advisors LLC Invests $4.06 Million in Ares Commercial Real Estate Corporation $ACRE

Key Points

• Cura Wealth Advisors purchased 902,153 shares of Ares Commercial Real Estate, worth approximately $4.06 million, making ACRE its 10th-largest holding and giving it a 1.63% ownership stake.
• ACRE reported quarterly EPS of $0.12, surpassing the $0.04 consensus estimate, while revenue of $14.36 million also exceeded expectations.
• The company declared a quarterly dividend of $0.15 per share, equivalent to an annualized yield of approximately 12.7%. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $5.25.

Cura Wealth Advisors LLC purchased a new position in Ares Commercial Real Estate Corporation (NYSE:ACRE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 902,153 shares of the real estate investment trust's stock, valued at approximately $4,060,000. Ares Commercial Real Estate comprises 1.7% of Cura Wealth Advisors LLC's holdings, making the stock its 10th largest holding. Cura Wealth Advisors LLC owned 1.63% of Ares Commercial Real Estate as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in Ares Commercial Real Estate by 456.0% in the third quarter. Russell Investments Group Ltd. now owns 6,033 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 4,948 shares in the last quarter. Optiver Holding B.V. increased its holdings in shares of Ares Commercial Real Estate by 603.3% during the first quarter. Optiver Holding B.V. now owns 6,513 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 5,587 shares in the last quarter. Triumph Capital Management bought a new position in shares of Ares Commercial Real Estate during the third quarter valued at $38,000. BNP Paribas Financial Markets increased its holdings in shares of Ares Commercial Real Estate by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 10,367 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 5,192 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Ares Commercial Real Estate in the 1st quarter worth about $47,000. Institutional investors own 41.34% of the company's stock.

Ares Commercial Real Estate Price Performance

Ares Commercial Real Estate stock opened at $4.72 on Monday. Ares Commercial Real Estate Corporation has a one year low of $4.14 and a one year high of $5.89. The business's fifty day moving average is $4.60 and its 200 day moving average is $4.88. The stock has a market capitalization of $262.14 million, a PE ratio of -59.06 and a beta of 1.15.

Ares Commercial Real Estate (NYSE:ACRE - Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.08. The business had revenue of $14.36 million for the quarter, compared to analysts' expectations of $10.96 million. Ares Commercial Real Estate had a negative net margin of 8.04% and a positive return on equity of 4.08%. As a group, sell-side analysts expect that Ares Commercial Real Estate Corporation will post 0.39 EPS for the current fiscal year.

Ares Commercial Real Estate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 12.7%. Ares Commercial Real Estate's dividend payout ratio is -750.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ACRE. Wall Street Zen upgraded shares of Ares Commercial Real Estate from a "sell" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. decreased their target price on shares of Ares Commercial Real Estate from $5.50 to $5.00 and set a "neutral" rating for the company in a report on Friday, July 17th. Zacks Research raised shares of Ares Commercial Real Estate from a "strong sell" rating to a "hold" rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of Ares Commercial Real Estate from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Finally, Citizens Jmp reissued a "market perform" rating on shares of Ares Commercial Real Estate in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $5.25.

Ares Commercial Real Estate Profile

Ares Commercial Real Estate Corporation NYSE: ACRE is a publicly traded real estate investment trust (REIT) primarily focused on commercial real estate debt investments. Externally managed by an affiliate of Ares Management Corporation, ACRE seeks to generate attractive risk-adjusted returns through its diversified portfolio of CRE financing strategies. The company specializes in originating, acquiring, financing and managing first mortgages, mezzanine loans, preferred equity and other structured finance products.

Since its inception, Ares Commercial Real Estate has targeted a broad range of property types, including multifamily, office, industrial, retail and hospitality assets.

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