Ares Commercial Real Estate Corporation Company Profile (NYSE:ACRE)

About Ares Commercial Real Estate Corporation

Ares Commercial Real Estate Corporation logoAres Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking. Its target investments include senior loans, bridge loans, subordinated debt, preferred equity and other CRE investments. The Company is also engaged in the mortgage banking business through its subsidiary, ACRE Capital LLC (ACRE Capital). Its Principal Lending Business includes all business activities of the Company, which represents investments in real estate related loans and securities that are held for investment. In mortgage banking business, the Company directly originates long-term senior loans collateralized by multifamily and senior-living properties, and sells them to third parties pursuant to programs overseen by government agencies and government-sponsored enterprises.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Diversified
  • Sub-Industry: Mortgage REITs
  • Exchange: NYSE
  • Symbol: ACRE
  • CUSIP: 04013V10
Key Metrics:
  • Previous Close: $13.61
  • 50 Day Moving Average: $13.61
  • 200 Day Moving Average: $13.19
  • 52-Week Range: $28,453,000.00 - $9.65
  • Trailing P/E Ratio: 9.42
  • Foreward P/E Ratio: 11.16
  • P/E Growth: 2.16
  • Market Cap: $387.25M
  • Outstanding Shares: 28,453,000
  • Beta: 0.78
Profitability:
  • Net Margins: 54.20%
  • Return on Equity: 6.34%
  • Return on Assets: 2.04%
Debt:
  • Debt-to-Equity Ratio: 2.33%
Additional Links:
Companies Related to Ares Commercial Real Estate Corporation:

Analyst Ratings

Consensus Ratings for Ares Commercial Real Estate Corporation (NYSE:ACRE) (?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $13.46 (1.11% downside)

Analysts' Ratings History for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Show:
DateFirmActionRatingPrice TargetDetails
12/15/2016Bank of America CorpDowngradeNeutral -> UnderperformView Rating Details
11/22/2016FBR & CoBoost Price TargetOutperform$14.00 -> $14.75View Rating Details
11/4/2016J P Morgan Chase & CoReiterated RatingBuy$14.00View Rating Details
9/9/2016Credit Suisse GroupReiterated RatingHold$13.00View Rating Details
8/11/2016Citigroup Inc.Boost Price TargetBuy$12.00 -> $14.00View Rating Details
8/5/2016Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$12.00 -> $13.00View Rating Details
3/2/2016JMP SecuritiesLower Price Target$13.50 -> $12.00View Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Ares Commercial Real Estate Corporation (NYSE:ACRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/27/2017        
2/27/2017$0.28N/AView Earnings Details
11/3/2016Q316$0.32$0.31$13.38 millionViewN/AView Earnings Details
8/4/2016Q216$0.27$0.31$20.10 million$10.51 millionViewN/AView Earnings Details
5/5/2016Q116$0.24$0.18$17.12 millionViewN/AView Earnings Details
3/1/2016Q415$0.27$0.31$20.96 million$12.50 millionViewN/AView Earnings Details
11/5/2015Q315$0.28$0.33$21.23 millionViewN/AView Earnings Details
7/30/2015Q215$0.27$0.31$20.90 million$12.31 millionViewListenView Earnings Details
5/7/2015Q115$0.22$0.25$15.71 millionViewN/AView Earnings Details
3/5/2015Q414$0.29$0.31$24.60 millionViewN/AView Earnings Details
11/10/2014Q214$0.23$0.14$20.28 millionViewN/AView Earnings Details
8/6/2014Q114$0.21$0.23$13.92 million$19.17 millionViewN/AView Earnings Details
5/7/2014Q1$0.20$0.17$10.40 millionViewN/AView Earnings Details
3/17/2014Q413$0.20$0.15$8.72 million$8.59 millionViewN/AView Earnings Details
11/13/2013Q3$0.13$0.08$9.00 millionViewListenView Earnings Details
8/7/2013Q2 2013$0.13$0.12$7.25 millionViewN/AView Earnings Details
5/15/2013Q113$0.20$0.16$4.92 millionViewN/AView Earnings Details
4/1/2013Q412$0.20$0.12$4.17 millionViewN/AView Earnings Details
11/7/2012Q312$0.12($0.05)$3.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Current Year EPS Consensus Estimate: $1.41 EPS
Next Year EPS Consensus Estimate: $1.22 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.27$0.27$0.27
Q2 20161$0.31$0.31$0.31
Q3 20161$0.30$0.30$0.30
Q4 20161$0.35$0.35$0.35
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Annual Dividend:$1.04
Dividend Yield:7.64%
Dividend Growth:1.00% (3 Year Average)
Payout Ratio:71.72% (Based on Trailing 12 Months of Earnings)
73.76% (Based on Current Year Consensus EPS Estimate)
85.25% (Based on Next Year Consensus EPS Estimate)

Dividend History for Ares Commercial Real Estate Corporation (NYSE:ACRE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/3/2016quarterly$0.268.29%12/28/201612/30/20161/17/2017
8/4/2016quarterly$0.268.13%9/28/20169/30/201610/17/2016
5/6/2016quarterly$0.268.98%6/28/20166/30/20167/15/2016
3/2/2016quarterly$0.2610.26%3/29/20163/31/20164/15/2016
11/6/2015quarterly$0.257.93%12/29/201512/31/20151/19/2016
7/31/2015quarterly$0.258.03%9/28/20159/30/201510/15/2015
5/8/2015quarterly$0.258.64%6/26/20156/30/20157/15/2015
3/6/2015quarterly$0.258.59%3/27/20153/31/20154/15/2015
11/11/2014quarterly$0.258.37%12/29/201412/31/20141/15/2015
11/10/2014quarterly$0.2510/15/201411/10/2014
8/6/2014quarterly$0.258.1%9/26/20149/30/201410/15/2014
5/7/2014quarterly$0.258.14%6/26/20146/30/20147/16/2014
3/17/2014quarterly$0.257.42%3/27/20143/31/20144/16/2014
11/13/2013quarterly$0.257.41%12/27/201312/31/20131/22/2014
8/7/2013quarterly$0.257.91%9/26/20139/30/201310/17/2013
5/15/2013quarterly$0.255.98%6/26/20136/28/20137/18/2013
3/14/2013quarterly$0.255.97%4/4/20134/8/20134/18/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 64.94%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/14/2016Robert L RosenCEOBuy10,000$12.35$123,500.00View SEC Filing  
8/26/2016Caroline BlakelyDirectorSell3,200$12.46$39,872.00View SEC Filing  
8/25/2016James E SkinnerDirectorBuy2,000$12.52$25,040.00View SEC Filing  
5/12/2015Todd SchusterCEOBuy7,500$11.60$87,000.00View SEC Filing  
5/11/2015Todd SchusterCEOBuy5,000$11.60$58,000.00View SEC Filing  
8/21/2014Todd SchusterCEOBuy10,000$12.39$123,900.00View SEC Filing  
8/20/2013Todd SchusterCEOBuy15,000$12.29$184,350.00View SEC Filing  
6/20/2013Bruce R CohenCOOBuy25,000$13.50$337,500.00View SEC Filing  
6/20/2013Michael D WeinerGeneral CounselBuy11,111$13.50$149,998.50View SEC Filing  
6/20/2013Paul G JoubertDirectorBuy20,000$13.50$270,000.00View SEC Filing  
6/20/2013Todd SchusterCEOBuy30,000$13.50$405,000.00View SEC Filing  
8/30/2012Bruce R CohenCOOBuy5,000$16.68$83,400.00View SEC Filing  
8/24/2012Robert L RosenDirectorBuy5,000$16.49$82,450.00View SEC Filing  
8/21/2012John BartlingCEOBuy4,400$16.48$72,512.00View SEC Filing  
8/15/2012Michael J AroughetiDirectorBuy46,800$16.44$769,392.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Ares Commercial Real Estate Corporation (NYSE:ACRE)
DateHeadline
News IconReviewing Individual Broker Targets Of Ares Commercial Real Estate Corporation (NYSE:ACRE) (NYSE:ACRE)
diy-home-garden.com - February 2 at 8:21 PM
finance.yahoo.com logoAres Commercial Real Estate Corporation Announces Tax Reporting Information for Calendar Year 2016 (NYSE:ACRE)
finance.yahoo.com - January 31 at 3:21 PM
finance.yahoo.com logoAres Commercial Real Estate downgraded by BofA/Merrill (NYSE:ACRE)
finance.yahoo.com - December 15 at 3:23 PM
News IconAnalytical Report on Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) (NYSE:ACRE)
viveremilano.biz - December 15 at 1:28 AM
News IconBrokers Issue New Targets On Inland Real Estate Corporation (NYSE:IRC) (NYSE:ACRE)
larampadinapoli.com - December 15 at 1:28 AM
News IconThe Apollo Commercial Real Estate Finance (ari) Plans $0.46 Quarterly Dividend (NYSE:ACRE)
thecelebritytruth.com - December 15 at 1:28 AM
4-traders.com logoAres Commercial Real Estate Corporation (NYSE:ACRE) Files An 8-K Entry into a Material Definitive Agreement (NYSE:ACRE)
www.4-traders.com - December 13 at 3:18 PM
insidermonkey.com logoIs Ares Commercial Real Estate Corp (ACRE) A Good Stock To Buy? (NYSE:ACRE)
www.insidermonkey.com - December 12 at 5:32 AM
seekingalpha.com logoAres Has Yield And Stability (NYSE:ACRE)
seekingalpha.com - November 30 at 3:20 PM
News IconCurrent Price Targets For Ares Commercial Real Estate Corporation (NYSE:ACRE) (NYSE:ACRE)
magseriesusa.net - November 14 at 12:54 PM
seekingalpha.com logoAres Commercial Real Estate Corporation 2016 Q3 - Results - Earnings Call Slides (NYSE:ACRE)
seekingalpha.com - November 5 at 11:26 AM
finance.yahoo.com logoEdited Transcript of ACRE earnings conference call or presentation 3-Nov-16 4:00pm GMT (NYSE:ACRE)
finance.yahoo.com - November 4 at 1:53 PM
biz.yahoo.com logoQ3 2016 Ares Commercial Real Estate Corp Earnings Release - Before Market Open (NYSE:ACRE)
biz.yahoo.com - November 3 at 12:59 PM
publicnow.com logoAres Commercial Real Estate Corporation Schedules Earnings Release for the Third Quarter 2016 (NYSE:ACRE)
www.publicnow.com - October 27 at 8:49 PM
News IconAres Commercial Real Estate Corporation (NYSE:ACRE) Updated Broker Price Targets (NYSE:ACRE)
myhealthbowl.com - October 26 at 8:20 PM
seekingalpha.com logoInvest In This Balance Sheet Lender That Yields 11.3% (NYSE:ACRE)
seekingalpha.com - October 24 at 8:03 AM
News IconOne Stock Analysts Are Watching - Ares Commercial Real Estate Corporation (NYSE:ACRE) (NYSE:ACRE)
crcconnection.com - October 16 at 3:17 PM
News IconFinance Inc (ARI) is Upgraded by Wells Fargo to Market Perform (NYSE:ACRE)
larampadinapoli.com - October 14 at 3:16 PM
finance.yahoo.com logoAres Commercial Real Estate Closes $159M Loan Commitment (NYSE:ACRE)
finance.yahoo.com - October 11 at 3:18 PM
finance.yahoo.com logoWhy You Shouldn't Bet Against Ares Commercial Real Estate (ACRE) Stock (NYSE:ACRE)
finance.yahoo.com - October 6 at 3:16 PM
publicnow.com logoAres Commercial Real Estate Corporation Closes New $159 Million Loan Raising Third Quarter 2016 Commitments to More Than $600 Million (NYSE:ACRE)
www.publicnow.com - October 6 at 8:05 AM
finance.yahoo.com logoBarings Real Estate Advisers Completes Acquisition of ACRE Capital Holdings LLC (NYSE:ACRE)
finance.yahoo.com - October 3 at 8:04 AM
publicnow.com logoAres Commercial Real Estate Corporation Closes the Sale of Its Mortgage Banking Subsidiary for Approximately $93 Million (NYSE:ACRE)
www.publicnow.com - October 3 at 8:04 AM
seekingalpha.com logoAres Commercial Real Estate goes ex-dividend today (NYSE:ACRE)
seekingalpha.com - September 28 at 3:16 PM
News IconAres Commercial Real Estate Corporation (NYSE:ACRE) Latest Broker Coverage (NYSE:ACRE)
crcconnection.com - September 28 at 3:16 PM
biz.yahoo.com logoARES COMMERCIAL REAL ESTATE CORP Files SEC form 8-K, Regulation FD Disclosure (NYSE:ACRE)
biz.yahoo.com - September 27 at 7:22 AM
News IconAres Commercial Real Estate Corporation (NYSE:ACRE) Ratings in Focus (NYSE:ACRE)
www.crcconnection.com - September 26 at 8:30 AM
thestreet.com logoDigging for Safe and Cheap Stocks (NYSE:ACRE)
realmoney.thestreet.com - September 23 at 3:30 PM
fidaily.com logoAres Commercial Real Estate Cor (NYSE:ACRE) Trading Up – Insider Trading Activity (NYSE:ACRE)
www.fidaily.com - September 21 at 3:30 PM
finance.yahoo.com logoAres Commercial Real Estate Corporation to Present at the JMP 2016 Financial Services and Real Estate Conference (NYSE:ACRE)
finance.yahoo.com - September 21 at 10:59 AM
gurufocus.com logoAres Commercial Real Estate Corp (ACRE) INTERIM CO-CEO Robert L Rosen Bought $123,500 of Shares (NYSE:ACRE)
www.gurufocus.com - September 16 at 11:57 AM
seekingalpha.com logoAres Commercial Real Estate closes new deals (NYSE:ACRE)
seekingalpha.com - September 14 at 9:49 AM
publicnow.com logoAres Commercial Real Estate Corporation Announces New Loan Closings (NYSE:ACRE)
www.publicnow.com - September 13 at 8:04 AM
seekingalpha.com logoAres Management: Insider Buying And Great Value For This Attractive Yielder (NYSE:ACRE)
seekingalpha.com - September 12 at 8:03 AM
seekingalpha.com logoAres Management: Large Insider Buying For This Attractive Yielder (NYSE:ACRE)
seekingalpha.com - September 10 at 8:03 AM
finance.yahoo.com logoNew Strong Sell Stocks for August 31st (NYSE:ACRE)
finance.yahoo.com - August 31 at 3:17 PM
finance.yahoo.com logoEdited Transcript of ACRE earnings conference call or presentation 4-Aug-16 4:00pm GMT (NYSE:ACRE)
finance.yahoo.com - August 5 at 11:40 AM
sg.finance.yahoo.com logoAres Commercial Real Estate posts 2Q profit (NYSE:ACRE)
sg.finance.yahoo.com - August 4 at 11:48 AM
publicnow.com logoAres Commercial Real Estate Corporation Reports Second Quarter 2016 Results (NYSE:ACRE)
www.publicnow.com - August 4 at 11:48 AM
biz.yahoo.com logoQ2 2016 Ares Commercial Real Estate Corp Earnings Release - Before Market Open (NYSE:ACRE)
biz.yahoo.com - August 4 at 11:48 AM
publicnow.com logoAres Commercial Real Estate Corporation Schedules Earnings Release for the Second Quarter 2016 (NYSE:ACRE)
www.publicnow.com - July 27 at 6:48 AM
seekingalpha.com logoAres Commercial Real Estate Is A 'Perfect Dream Scenario For A Value Investor' (NYSE:ACRE)
seekingalpha.com - July 26 at 3:19 PM
4-traders.com logoAres Commercial Real Estate Corporation : Increases and Extends Borrowing Capacity (NYSE:ACRE)
www.4-traders.com - July 15 at 7:32 PM
News IconCornerstone elbows into affordable lending with $93M buy (NYSE:ACRE)
rew-online.com - July 12 at 8:45 PM
News IconWells Fargo, Ares Comm’l Real Estate Increase Credit Facility to $325MM (NYSE:ACRE)
www.abladvisor.com - July 12 at 9:29 AM
feeds.reuters.com logoBRIEF-Ares Commercial Real Estate increases, extends borrowing capacity (NYSE:ACRE)
feeds.reuters.com - July 7 at 5:34 PM
publicnow.com logoAres Commercial Real Estate Corporation Increases and Extends Borrowing Capacity (NYSE:ACRE)
www.publicnow.com - July 7 at 5:01 PM
News IconCornerstone Inks Deal to Buy ACRE Capital (NYSE:ACRE)
www.cpexecutive.com - July 2 at 3:17 PM
News IconCornerstone acquires Ares' mortgage servicing, commercial loan origination business (NYSE:ACRE)
www.pionline.com - July 2 at 3:17 PM
News IconCornerstone Agrees to Buy Ares Mortgage Lending Subsidiary (NYSE:ACRE)
www.globest.com - July 2 at 3:17 PM

Social

What is Ares Commercial Real Estate Corporation's stock symbol?

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

How often does Ares Commercial Real Estate Corporation pay dividends? What is the dividend yield for Ares Commercial Real Estate Corporation?

Ares Commercial Real Estate Corporation declared a quarterly dividend on Thursday, November 3rd. Investors of record on Friday, December 30th will be paid a dividend of $0.26 per share on Tuesday, January 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend is Wednesday, December 28th.

Where is Ares Commercial Real Estate Corporation's stock going? Where will Ares Commercial Real Estate Corporation's stock price be in 2017?

6 brokers have issued twelve-month target prices for Ares Commercial Real Estate Corporation's shares. Their predictions range from $12.00 to $14.75. On average, they expect Ares Commercial Real Estate Corporation's share price to reach $13.46 in the next twelve months.

When will Ares Commercial Real Estate Corporation announce their earnings?

Ares Commercial Real Estate Corporation is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.

Who owns Ares Commercial Real Estate Corporation stock?

Ares Commercial Real Estate Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Delphi Financial Group Inc. (5.17%), State Street Corp (2.36%), Allianz Asset Management AG (0.87%), Martingale Asset Management L P (0.84%), GSA Capital Partners LLP (0.76%) and Clough Capital Partners L P (0.70%). Company insiders that own Ares Commercial Real Estate Corporation stock include Caroline Blakely, James E Skinner, Robert L Rosen and Todd Schuster.

Who sold Ares Commercial Real Estate Corporation stock? Who is selling Ares Commercial Real Estate Corporation stock?

Ares Commercial Real Estate Corporation's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Two Sigma Investments LP, Tudor Investment Corp Et Al and National Planning Corp.

Who bought Ares Commercial Real Estate Corporation stock? Who is buying Ares Commercial Real Estate Corporation stock?

Ares Commercial Real Estate Corporation's stock was bought by a variety of institutional investors in the last quarter, including Clough Capital Partners L P, Russell Investments Group Ltd., Bard Associates Inc., Allianz Asset Management AG, Martingale Asset Management L P, A.R.T. Advisors LLC, State Street Corp and Bessemer Group Inc.. Company insiders that have bought Ares Commercial Real Estate Corporation stock in the last two years include James E Skinner, Robert L Rosen and Todd Schuster.

How do I buy Ares Commercial Real Estate Corporation stock?

Shares of Ares Commercial Real Estate Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Ares Commercial Real Estate Corporation stock cost?

One share of Ares Commercial Real Estate Corporation stock can currently be purchased for approximately $13.61.

Ares Commercial Real Estate Corporation (NYSE:ACRE) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Ares Commercial Real Estate Corporation (NYSE:ACRE)

Earnings History Chart

Earnings by Quarter for Ares Commercial Real Estate Corporation (NYSE:ACRE)

Dividend History Chart

Dividend Payments by Quarter for Ares Commercial Real Estate Corporation (NYSE:ACRE)

Last Updated on 2/27/2017 by MarketBeat.com Staff