Samalin Investment Counsel LLC Has $626,000 Position in Ares Commercial Real Estate Corporation $ACRE

Key Points

• Samalin Investment Counsel LLC significantly increased its stake in Ares Commercial Real Estate Corporation (NYSE:ACRE) by 132.6%, owning 135,115 shares worth $626,000 at the end of the most recent quarter.
• Ares Commercial Real Estate's stock is currently trading at $4.55, reflecting a 2.4% decline, with a 52-week range of $3.35 to $7.83.
• The company declared a quarterly dividend of $0.15 per share, resulting in an annualized yield of 13.2%, despite a negative payout ratio of -176.47%.

Samalin Investment Counsel LLC increased its position in Ares Commercial Real Estate Corporation (NYSE:ACRE - Free Report) by 132.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 135,115 shares of the real estate investment trust's stock after purchasing an additional 77,026 shares during the period. Samalin Investment Counsel LLC owned about 0.25% of Ares Commercial Real Estate worth $626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. North Ground Capital acquired a new stake in shares of Ares Commercial Real Estate during the 1st quarter valued at $433,000. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Ares Commercial Real Estate by 6.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,094,490 shares of the real estate investment trust's stock valued at $5,067,000 after buying an additional 62,900 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Ares Commercial Real Estate during the 1st quarter valued at $92,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Ares Commercial Real Estate by 15.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 419,940 shares of the real estate investment trust's stock valued at $1,944,000 after buying an additional 55,667 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Ares Commercial Real Estate during the 1st quarter valued at $554,000. Institutional investors and hedge funds own 41.34% of the company's stock.

Analyst Ratings Changes

ACRE has been the subject of a number of research reports. UBS Group decreased their target price on shares of Ares Commercial Real Estate from $5.00 to $4.50 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Zacks Research raised shares of Ares Commercial Real Estate to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen lowered shares of Ares Commercial Real Estate from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Ares Commercial Real Estate from $4.80 to $4.25 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ares Commercial Real Estate currently has a consensus rating of "Reduce" and a consensus price target of $5.31.

Ares Commercial Real Estate Trading Up 1.0%

Ares Commercial Real Estate stock traded up $0.05 on Thursday, reaching $4.68. 399,696 shares of the stock were exchanged, compared to its average volume of 490,315. The stock has a market cap of $257.17 million, a PE ratio of -13.75 and a beta of 1.33. Ares Commercial Real Estate Corporation has a twelve month low of $3.35 and a twelve month high of $7.83. The firm has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $4.58.

Ares Commercial Real Estate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 12.8%. Ares Commercial Real Estate's payout ratio is presently -176.47%.

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.