BlackRock Updates Passive Stake in Ares Commercial Real Estate
Ticker: ACRE · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, real-estate
TL;DR
**BlackRock just updated its passive stake in Ares Commercial Real Estate as of year-end 2023.**
AI Summary
BlackRock, Inc. has filed an amendment (SC 13G/A) to its ownership stake in Ares Commercial Real Estate Corporation, indicating its holdings as of December 31, 2023. This filing, Amendment No. 12, updates BlackRock's passive investment position in the company's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in its reported holdings can signal shifts in sentiment or strategy towards Ares Commercial Real Estate Corporation, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in Ares Commercial Real Estate, providing transparency on a major institutional investor's position, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine update from a passive investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a passive holder, but this filing alone doesn't suggest a need for immediate action. It's a routine update reflecting a year-end position.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person updating its ownership in Ares Commercial Real Estate Corporation
- Ares Commercial Real Estate Corporation (company) — the issuer whose securities are being reported on
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
- Amendment No: 12 (number) — the specific amendment number for this Schedule 13G filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Ares Commercial Real Estate Corporation. (BlackRock, Inc.) — high confidence, target: Q1 2025
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No. 12.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is Ares Commercial Real Estate Corporation, identified by CIK 0001529377.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Ares Commercial Real Estate Corporation is 04013V108.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
From the Filing
EDGAR Filing Documents for 0001086364-24-003262 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003262 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:52 Documents 1 Document Format Files Seq Description Document Type Size 1 us04013v1089_012524.txt SC 13G/A 11725 Complete submission text file 0001086364-24-003262.txt 13545 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 245 PARK AVENUE 42ND FLOOR NEW YORK NY 10167 Business Address 245 PARK AVENUE 42ND FLOOR NEW YORK NY 10167 212.515.3400 Ares Commercial Real Estate Corp (Subject) CIK : 0001529377 (see all company filings) EIN. : 453148087 | State of Incorp.: MD Type: SC 13G/A | Act: 34 | File No.: 005-86829 | Film No.: 24561047 SIC : 6798 Real Estate Investment Trusts (CF Office: 05 Real Estate & Construction)