Ares Commercial Real Estate (ACRE) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ares Commercial Real Estate in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ACRE shares.
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6 equities research analysts have issued 12-month price targets for Ares Commercial Real Estate's shares. Their ACRE share price forecasts range from $9.00 to $14.00. On average, they anticipate the company's stock price to reach $11.57 in the next year. This suggests a possible upside of 21.7% from the stock's current price.
View analysts price targets for ACRE or view top-rated stocks among Wall Street analysts.

Ares Commercial Real Estate's stock was trading at $10.29 at the start of the year. Since then, ACRE stock has decreased by 7.6% and is now trading at $9.51.
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Ares Commercial Real Estate saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,150,000 shares, an increase of 10.1% from the April 30th total of 2,860,000 shares. Based on an average daily trading volume, of 892,600 shares, the days-to-cover ratio is presently 3.5 days.
View Ares Commercial Real Estate's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our ACRE earnings forecast.

Ares Commercial Real Estate Co. (NYSE:ACRE) announced its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.02. Ares Commercial Real Estate had a trailing twelve-month return on equity of 10.12% and a net margin of 6.54%. During the same period in the prior year, the company posted $0.38 earnings per share.

Ares Commercial Real Estate declared a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Friday, June 30th will be paid a dividend of $0.35 per share on Tuesday, July 18th. This represents a $1.40 annualized dividend and a yield of 14.72%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for ACRE.

ETFs with the largest weight of Ares Commercial Real Estate (NYSE:ACRE) stock in their portfolio include VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM) and Hoya Capital High Dividend Yield ETF (RIET).Global X SuperDividend ETF (SDIV).

Ares Commercial Real Estate (NYSE:ACRE) pays an annual dividend of $1.32 per share and currently has a dividend yield of 13.76%. ACRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 942.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ACRE will have a dividend payout ratio of 97.06% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ACRE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Commercial Real Estate investors own include Twitter (TWTR), Energy Transfer (ET), AGNC Investment (AGNC), NGL Energy Partners (NGL), Annaly Capital Management (NLY), New Residential Investment (NRZ), New York Mortgage Trust (NYMT), AT&T (T), CBL & Associates Properties (CBL) and Ladder Capital (LADR).

Ares Commercial Real Estate trades on the New York Stock Exchange (NYSE) under the ticker symbol "ACRE."

Ares Commercial Real Estate's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.14%), Wellington Management Group LLP (2.10%), Geode Capital Management LLC (1.93%), JPMorgan Chase & Co. (1.76%), Mirae Asset Global Investments Co. Ltd. (1.45%) and Smith Graham & Co. Investment Advisors LP (1.09%). Insiders that own company stock include Anton Feingold, Bryan Patrick Donohoe and William Stephen Benjamin.
View institutional ownership trends.

Shares of ACRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACRE stock can currently be purchased for approximately $9.51.

Ares Commercial Real Estate (NYSE:ACRE) has a market capitalization of $519.91 million and generates $106.85 million in revenue each year. The real estate investment trust earns $29.78 million in net income (profit) each year or $0.14 on an earnings per share basis.

The company employs 2,550 workers across the globe.

Ares Commercial Real Estate's mailing address is 245 PARK AVENUE 42ND FLOOR, NEW YORK NY, 10167. The official website for the company is www.arescre.com. The real estate investment trust can be reached via phone at (212) 710-2100, via email at iracre@aresmgmt.com, or via fax at 212-750-1777.