Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, senior-living, self-storage and other commercial real estate properties, or by ownership interests therein. Through the Company's manager, Ares Commercial Real Estate Management LLC, it has investment professionals located across the United States and Europe who directly source loan opportunities for the Company with owners, operators and sponsors of CRE properties.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Mortgage REITs
- Sub-Industry: Mortgage REITs
- Symbol: NYSE:ACRE
- CUSIP: 04013V10
- Web: www.arescre.com
Capitalization:- Market Cap: $376.72 million
- Outstanding Shares: 28,557,000
Average Prices:- 50 Day Moving Avg: $13.15
- 200 Day Moving Avg: $13.24
- 52 Week Range: $12.24 - $14.39
P/E:- Trailing P/E Ratio: 9.49
- Foreward P/E Ratio: 10.84
- P/E Growth: 2.49
Sales & Book Value:- Annual Revenue: $45.12 million
- Price / Sales: 8.37
- Book Value: $14.60 per share
- Price / Book: 0.91
Dividend:- Annual Dividend: $1.08
- Dividend Yield: 8.2%
Profitability:- Net Margins: 45.06%
- Return on Equity: 7.07%
- Return on Assets: 2.03%
Debt:- Debt-to-Equity Ratio: 2.95%
Misc:- Average Volume: 103,355 shs.
- Beta: 0.68
- Short Ratio: 2.37
Frequently Asked Questions for Ares Commercial Real Estate Corporation (NYSE:ACRE)
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, August 3rd. Stockholders of record on Friday, September 29th will be paid a dividend of $0.27 per share on Monday, October 16th. This represents a $1.08 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend is Thursday, September 28th. View Ares Commercial Real Estate Corporation's Dividend History.
How were Ares Commercial Real Estate Corporation's earnings last quarter?
Ares Commercial Real Estate Corporation (NYSE:ACRE) issued its quarterly earnings results on Thursday, August, 3rd. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $10.40 million for the quarter, compared to the consensus estimate of $10.85 million. Ares Commercial Real Estate Corporation had a net margin of 45.06% and a return on equity of 7.07%. The company's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. View Ares Commercial Real Estate Corporation's Earnings History.
When will Ares Commercial Real Estate Corporation make its next earnings announcement?
Where is Ares Commercial Real Estate Corporation's stock going? Where will Ares Commercial Real Estate Corporation's stock price be in 2017?
6 brokerages have issued 1-year target prices for Ares Commercial Real Estate Corporation's stock. Their forecasts range from $14.00 to $14.75. On average, they anticipate Ares Commercial Real Estate Corporation's stock price to reach $14.31 in the next twelve months. View Analyst Ratings for Ares Commercial Real Estate Corporation.
Who are some of Ares Commercial Real Estate Corporation's key competitors?
Some companies that are related to Ares Commercial Real Estate Corporation include New York Mortgage Trust (NYMT), AG Mortgage Investment Trust (MITT), Orchid Island Capital (ORC), Western Asset Mortgage Capital Corporation (WMC), Dynex Capital (DX), Great Ajax Corp. (AJX), Cherry Hill Mortgage Investment Corporation (CHMI), Ellington Residential Mortgage REIT (EARN), Five Oaks Investment Corp. (OAKS), Manhattan Bridge Capital (LOAN), Apollo Residential Mortgage (AMTG) and Hatteras Financial Corp. (HTS).
Who are Ares Commercial Real Estate Corporation's key executives?
Ares Commercial Real Estate Corporation's management team includes the folowing people:
- Robert L. Rosen, Chairman of the Board, Interim Co-Chief Executive Officer
- James A. Henderson, President, Chief Investment Officer
- John Willis Jardine, Co-Chief Executive Officer, Director
- Tae-Sik Yoon, Chief Financial Officer
- Michael D. Weiner, Vice President, General Counsel
- Michael J. Arougheti, Non-Executive Director
- Rand Scott April, Independent Director
- Caroline E. Blakely, Independent Director
- William L. Browning, Independent Director
- James E. Skinner, Independent Director
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 investors include Boston Partners (7.57%), Vanguard Group Inc. (4.35%), State Street Corp (2.56%), Alliancebernstein L.P. (2.12%), Acadian Asset Management LLC (1.72%) and Wells Fargo & Company MN (1.60%). Company insiders that own Ares Commercial Real Estate Corporation stock include Caroline Blakely, James E Skinner, Michael J Arougheti and Robert L Rosen. View Institutional Ownership Trends for Ares Commercial Real Estate Corporation.
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 Acadian Asset Management LLC, Martingale Asset Management L P, GSA Capital Partners LLP, Bessemer Group Inc., Russell Investments Group Ltd., Wells Fargo & Company MN, JPMorgan Chase & Co. and Alliancebernstein L.P.. View Insider Buying and Selling for Ares Commercial Real Estate Corporation.
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 purchased by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Yorktown Management & Research Co Inc, Thrivent Financial For Lutherans, Kennedy Capital Management Inc., HGI Capital Management LLC, Vanguard Group Inc., Boston Partners and HighTower Advisors LLC. Company insiders that have bought Ares Commercial Real Estate Corporation stock in the last two years include James E Skinner, Michael J Arougheti and Robert L Rosen. View Insider Buying and Selling for Ares Commercial Real Estate Corporation.
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.
What is Ares Commercial Real Estate Corporation's stock price today?
One share of Ares Commercial Real Estate Corporation stock can currently be purchased for approximately $13.22.
MarketBeat Community Rating for Ares Commercial Real Estate Corporation (NYSE ACRE)MarketBeat's community ratings are surveys of what our community members think about Ares Commercial Real Estate Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Ares Commercial Real Estate Corporation (NYSE:ACRE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 2 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.33) |
| Consensus Price Target: | $14.31 (8.26% upside) |
Analysts' Ratings History for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/17/2017 | Keefe, Bruyette & Woods | Set Price Target | Hold | $14.00 | Low |  |
| 8/10/2017 | JMP Securities | Reiterated Rating | Outperform | $15.00 -> $14.50 | Medium | |
| 8/4/2017 | Credit Suisse Group | Reiterated Rating | Hold | | High | |
| 12/15/2016 | Bank of America Corporation | Downgrade | Neutral -> Underperform | | N/A | |
| 11/22/2016 | FBR & Co | Boost Price Target | Outperform | $14.00 -> $14.75 | N/A | |
| 11/4/2016 | J P Morgan Chase & Co | Reiterated Rating | Buy | $14.00 | N/A | |
| 8/11/2016 | Citigroup Inc. | Boost Price Target | Buy | $12.00 -> $14.00 | N/A | |
(Data available from 9/21/2015 forward)
Earnings History for Ares Commercial Real Estate Corporation (NYSE:ACRE)Earnings History by Quarter for Ares Commercial Real Estate Corporation (NYSE ACRE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/1/2017 | | $0.29 | | | | | N/A | |
| 8/3/2017 | Q2 2017 | $0.24 | $0.24 | $10.85 million | $10.40 million | View | Listen | |
| 5/2/2017 | Q1 2017 | $0.26 | $0.24 | $11.81 million | $21.13 million | View | Listen | |
| 3/7/2017 | Q4 2016 | $0.28 | $0.28 | $13.49 million | $12.61 million | View | Listen | |
| 11/3/2016 | Q316 | $0.32 | $0.31 | $16.49 million | $20.78 million | View | N/A | |
| 8/4/2016 | Q216 | $0.27 | $0.21 | $20.10 million | $10.51 million | View | N/A | |
| 5/5/2016 | Q116 | $0.24 | $0.18 | $19.37 million | $15.01 million | View | N/A | |
| 3/1/2016 | Q415 | $0.27 | $0.31 | $20.96 million | $12.50 million | View | N/A | |
| 11/5/2015 | Q315 | $0.28 | $0.33 | $20.50 million | $23.92 million | View | N/A | |
| 7/30/2015 | Q215 | $0.27 | $0.31 | $20.90 million | $12.31 million | View | Listen | |
| 5/7/2015 | Q115 | $0.22 | $0.25 | $15.18 million | $18.44 million | View | N/A | |
| 3/5/2015 | Q414 | $0.29 | $0.31 | $29.03 million | $20.79 million | View | N/A | |
| 11/10/2014 | Q214 | $0.22 | $0.14 | $21.02 million | $15.04 million | View | N/A | |
| 8/6/2014 | Q114 | $0.21 | $0.23 | $13.92 million | $19.17 million | View | N/A | |
| 5/7/2014 | Q1 | $0.20 | $0.17 | $12.50 million | $15.44 million | View | N/A | |
| 3/17/2014 | Q413 | $0.20 | $0.15 | $8.72 million | $8.59 million | View | N/A | |
| 11/13/2013 | Q3 | $0.13 | $0.08 | $9.00 million | | View | Listen | |
| 8/7/2013 | Q2 2013 | $0.13 | $0.12 | $7.25 million | | View | N/A | |
| 5/15/2013 | Q113 | $0.20 | $0.16 | $4.92 million | | View | N/A | |
| 4/1/2013 | Q412 | $0.20 | $0.12 | $4.17 million | | View | N/A | |
| 11/7/2012 | Q312 | $0.12 | ($0.05) | $3.00 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Ares Commercial Real Estate Corporation (NYSE:ACRE)Current Year EPS Consensus Estimate: $1.04 EPS
Next Year EPS Consensus Estimate: $1.22 EPS
Current Dividend Information for Ares Commercial Real Estate Corporation (NYSE:ACRE)| Next Dividend: | 10/16/2017 |
| Annual Dividend: | $1.08 |
| Dividend Yield: | 8.17% |
| Dividend Growth: | 1.00% (3 Year Average) |
| Payout Ratio: | 77.14% (Trailing 12 Months of Earnings)
103.85% (Based on This Year's Estimates)
88.52% (Based on Next Year's Estimates)
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Dividend History by Quarter for Ares Commercial Real Estate Corporation (NYSE ACRE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/3/2017 | quarterly | $0.27 | 8.26% | 9/28/2017 | 9/29/2017 | 10/16/2017 |
| 5/2/2017 | quarterly | $0.27 | 8.24% | 6/28/2017 | 6/30/2017 | 7/17/2017 |
| 3/8/2017 | quarterly | $0.27 | 8.23% | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 11/3/2016 | quarterly | $0.26 | 8.29% | 12/28/2016 | 12/30/2016 | 1/17/2017 |
| 8/4/2016 | quarterly | $0.26 | 8.13% | 9/28/2016 | 9/30/2016 | 10/17/2016 |
| 5/6/2016 | quarterly | $0.26 | 8.98% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/2/2016 | quarterly | $0.26 | 10.26% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 11/6/2015 | quarterly | $0.25 | 7.93% | 12/29/2015 | 12/31/2015 | 1/19/2016 |
| 7/31/2015 | quarterly | $0.25 | 8.03% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/8/2015 | quarterly | $0.25 | 8.64% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/6/2015 | quarterly | $0.25 | 8.59% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 11/11/2014 | quarterly | $0.25 | 8.37% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 11/10/2014 | quarterly | $0.25 | | | 10/15/2014 | 11/10/2014 |
| 8/6/2014 | quarterly | $0.25 | 8.1% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 5/7/2014 | quarterly | $0.25 | 8.14% | 6/26/2014 | 6/30/2014 | 7/16/2014 |
| 3/17/2014 | quarterly | $0.25 | 7.42% | 3/27/2014 | 3/31/2014 | 4/16/2014 |
| 11/13/2013 | quarterly | $0.25 | 7.41% | 12/27/2013 | 12/31/2013 | 1/22/2014 |
| 8/7/2013 | quarterly | $0.25 | 7.91% | 9/26/2013 | 9/30/2013 | 10/17/2013 |
| 5/15/2013 | quarterly | $0.25 | 5.98% | 6/26/2013 | 6/28/2013 | 7/18/2013 |
| 3/14/2013 | quarterly | $0.25 | 5.97% | 4/4/2013 | 4/8/2013 | 4/18/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Ares Commercial Real Estate Corporation (NYSE:ACRE)Insider Ownership Percentage: 1.75%
Institutional Ownership Percentage: 65.15%
Insider Trades by Quarter for Ares Commercial Real Estate Corporation (NYSE:ACRE)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/10/2017 | Robert L Rosen | Insider | Buy | 10,000 | $13.04 | $130,400.00 | |
| 5/9/2017 | Michael J Arougheti | Director | Buy | 30,000 | $13.16 | $394,800.00 | |
| 5/8/2017 | Michael J Arougheti | Director | Buy | 19,722 | $13.20 | $260,330.40 | |
| 5/4/2017 | James E Skinner | Director | Buy | 3,860 | $12.95 | $49,987.00 | |
| 3/14/2017 | James E Skinner | Director | Buy | 1,960 | $12.78 | $25,048.80 | |
| 9/14/2016 | Robert L Rosen | CEO | Buy | 10,000 | $12.35 | $123,500.00 | |
| 8/26/2016 | Caroline Blakely | Director | Sell | 3,200 | $12.46 | $39,872.00 | |
| 8/25/2016 | James E Skinner | Director | Buy | 2,000 | $12.52 | $25,040.00 | |
| 5/12/2015 | Todd Schuster | CEO | Buy | 7,500 | $11.60 | $87,000.00 | |
| 5/11/2015 | Todd Schuster | CEO | Buy | 5,000 | $11.60 | $58,000.00 | |
| 8/21/2014 | Todd Schuster | CEO | Buy | 10,000 | $12.39 | $123,900.00 | |
| 8/20/2013 | Todd Schuster | CEO | Buy | 15,000 | $12.29 | $184,350.00 | |
| 6/20/2013 | Bruce R Cohen | COO | Buy | 25,000 | $13.50 | $337,500.00 | |
| 6/20/2013 | Michael D Weiner | General Counsel | Buy | 11,111 | $13.50 | $149,998.50 | |
| 6/20/2013 | Paul G Joubert | Director | Buy | 20,000 | $13.50 | $270,000.00 | |
| 6/20/2013 | Todd Schuster | CEO | Buy | 30,000 | $13.50 | $405,000.00 | |
| 8/30/2012 | Bruce R Cohen | COO | Buy | 5,000 | $16.68 | $83,400.00 | |
| 8/24/2012 | Robert L Rosen | Director | Buy | 5,000 | $16.49 | $82,450.00 | |
| 8/21/2012 | John Bartling | CEO | Buy | 4,400 | $16.48 | $72,512.00 | |
| 8/15/2012 | Michael J Arougheti | Director | Buy | 46,800 | $16.44 | $769,392.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Latest Headlines for Ares Commercial Real Estate Corporation (NYSE:ACRE)
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Ares Commercial Real Estate Corporation (ACRE) Chart for Thursday, September, 21, 2017
