Ares Commercial Real Estate - ACRE Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Commercial Real Estate in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ACRE shares.
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4 Wall Street analysts have issued 1 year target prices for Ares Commercial Real Estate's stock. Their ACRE share price forecasts range from $12.00 to $14.00. On average, they expect the company's share price to reach $13.25 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
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Ares Commercial Real Estate's stock was trading at $14.54 on January 1st, 2022. Since then, ACRE stock has decreased by 23.1% and is now trading at $11.18.
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Ares Commercial Real Estate saw a decrease in short interest in October. As of October 31st, there was short interest totaling 2,160,000 shares, a decrease of 10.0% from the October 15th total of 2,400,000 shares. Based on an average daily trading volume, of 627,000 shares, the days-to-cover ratio is currently 3.4 days.
View Ares Commercial Real Estate's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our ACRE earnings forecast.

Ares Commercial Real Estate Co. (NYSE:ACRE) announced its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.02. Ares Commercial Real Estate had a trailing twelve-month return on equity of 10.07% and a net margin of 41.32%. During the same period last year, the firm earned $0.38 earnings per share.

Ares Commercial Real Estate declared a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Friday, December 30th will be given a dividend of $0.35 per share on Wednesday, January 18th. This represents a $1.40 annualized dividend and a yield of 12.52%. The ex-dividend date of this dividend is Thursday, December 29th. This is an increase from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for ACRE.

Ares Commercial Real Estate (NYSE:ACRE) pays an annual dividend of $1.32 per share and currently has a dividend yield of 10.90%. ACRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 145.05%. 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 86.27% 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.89%), Vanguard Group Inc. (4.97%), State Street Corp (2.36%), Boston Partners (1.51%), Balyasny Asset Management LLC (1.14%) and Nuveen Asset Management LLC (0.84%). Insiders that own company stock include Anton Feingold, Bryan Patrick Donohoe, James Alan Henderson, Michael J Arougheti 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 $11.18.

Ares Commercial Real Estate (NYSE:ACRE) has a market capitalization of $608.64 million and generates $102.07 million in revenue each year. The real estate investment trust earns $60.46 million in net income (profit) each year or $0.91 on an earnings per share basis.

The company employs 2,100 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.