Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments. Ares Commercial Real Estate Corporation has elected and qualified to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes under the Internal Revenue Code of 1986. As a REIT, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was founded in 2011 and is headquartered in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Current SymbolNYSE:ACRE
Previous Symbol
CUSIP04013V10
Phone212-750-7300
Debt
Debt-to-Equity Ratio3.05
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio13.19
Forward P/E Ratio10.73
P/E GrowthN/A
Sales & Book Value
Annual Sales$97.54 million
Price / Sales4.29
Cash Flow$1.1416 per share
Price / Cash12.78
Book Value$14.66 per share
Price / Book1.00
Profitability
EPS (Most Recent Fiscal Year)$1.11
Net Income$30.40 million
Net Margins30.86%
Return on Equity8.57%
Return on Assets2.05%
Miscellaneous
Employees1,000
Outstanding Shares28,700,000
Market Cap$418.14 million
OptionableOptionable
Ares Commercial Real Estate (NYSE:ACRE) Frequently Asked Questions
What is Ares Commercial Real Estate's stock symbol?
Ares Commercial Real Estate trades on the New York Stock Exchange (NYSE) under the ticker symbol "ACRE."
How often does Ares Commercial Real Estate pay dividends? What is the dividend yield for Ares Commercial Real Estate?
Ares Commercial Real Estate declared a quarterly dividend on Tuesday, October 30th. Shareholders of record on Friday, December 28th will be given a dividend of $0.31 per share on Tuesday, January 15th. This represents a $1.24 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend is Thursday, December 27th. This is a positive change from Ares Commercial Real Estate's previous quarterly dividend of $0.29. View Ares Commercial Real Estate's Dividend History.
How were Ares Commercial Real Estate's earnings last quarter?
Ares Commercial Real Estate Corp (NYSE:ACRE) issued its earnings results on Tuesday, October, 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.03. The real estate investment trust earned $30.36 million during the quarter, compared to analyst estimates of $29.10 million. Ares Commercial Real Estate had a return on equity of 8.57% and a net margin of 30.86%. View Ares Commercial Real Estate's Earnings History.
When is Ares Commercial Real Estate's next earnings date?
What guidance has Ares Commercial Real Estate issued on next quarter's earnings?
Ares Commercial Real Estate updated its earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of for the period.
What price target have analysts set for ACRE?
7 brokerages have issued twelve-month price targets for Ares Commercial Real Estate's stock. Their forecasts range from $14.00 to $15.00. On average, they anticipate Ares Commercial Real Estate's stock price to reach $14.50 in the next twelve months. This suggests that the stock has a possible downside of 0.6%. View Analyst Price Targets for Ares Commercial Real Estate.
What is the consensus analysts' recommendation for Ares Commercial Real Estate?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Commercial Real Estate in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ares Commercial Real Estate.
Has Ares Commercial Real Estate been receiving favorable news coverage?
Media coverage about ACRE stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ares Commercial Real Estate earned a daily sentiment score of 0.3 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future.
Who are some of Ares Commercial Real Estate's key competitors?
Some companies that are related to Ares Commercial Real Estate include Alexander's (ALX), Caretrust REIT (CTRE), Alexander & Baldwin (ALEX), National Storage Affiliates Trust (NSA), Global Net Lease (GNL), Safestore (SFSHF), Industrial Logistics Properties Trust (ILPT), CYRELA BRAZIL R/S (CYRBY), Redwood Trust (RWT), Kite Realty Group Trust (KRG), American Finance Trust (AFIN), TPG RE Finance Trust (TRTX), PennyMac Mortgage Investment Trust (PMT), Washington Prime Group (WPG) and Hannon Armstrong Sustnbl Infrstr Cap (HASI).
Who are Ares Commercial Real Estate's key executives?
Ares Commercial Real Estate's management team includes the folowing people:
- Mr. James Alan Henderson, Pres, CEO, Chief Investment Officer & Director (Age 48)
- Mr. Tae-Sik Yoon, Partner, CFO & Treasurer (Age 51)
- Mr. John B. Jardine, Partner (Age 65)
- Mr. Don Haisch, Chief Accounting Officer
- Mr. Carl G. Drake C.F.A., CFA, Partner/Head of Public Investor Relations & Communications
Who are Ares Commercial Real Estate's major shareholders?
Ares Commercial Real Estate's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.33%), Acadian Asset Management LLC (2.73%), Telemus Capital LLC (2.15%), Alliancebernstein L.P. (0.98%), Wells Fargo & Company MN (0.92%) and Advisors Capital Management LLC (0.90%). Company insiders that own Ares Commercial Real Estate stock include James E Skinner, Michael J Arougheti, Robert L Rosen and William Stephen Benjamin. View Institutional Ownership Trends for Ares Commercial Real Estate.
Which major investors are selling Ares Commercial Real Estate stock?
ACRE stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Wells Fargo & Company MN, Clear Harbor Asset Management LLC, LSV Asset Management, JPMorgan Chase & Co., JPMorgan Chase & Co., Cambridge Investment Research Advisors Inc. and Atria Investments LLC. View Insider Buying and Selling for Ares Commercial Real Estate.
Which major investors are buying Ares Commercial Real Estate stock?
ACRE stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, BlackRock Inc., Allianz Asset Management GmbH, Martingale Asset Management L P, Telemus Capital LLC, Russell Investments Group Ltd., Connor Clark & Lunn Investment Management Ltd. and First Trust Advisors LP. Company insiders that have bought Ares Commercial Real Estate stock in the last two years include James E Skinner, Michael J Arougheti, Robert L Rosen and William Stephen Benjamin. View Insider Buying and Selling for Ares Commercial Real Estate.
How do I buy shares of Ares Commercial Real Estate?
Shares of ACRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ares Commercial Real Estate's stock price today?
One share of ACRE stock can currently be purchased for approximately $14.59.
How big of a company is Ares Commercial Real Estate?
Ares Commercial Real Estate has a market capitalization of $418.14 million and generates $97.54 million in revenue each year. The real estate investment trust earns $30.40 million in net income (profit) each year or $1.11 on an earnings per share basis. Ares Commercial Real Estate employs 1,000 workers across the globe.
What is Ares Commercial Real Estate's official website?
How can I contact Ares Commercial Real Estate?
Ares Commercial Real Estate's mailing address is 245 PARK AVENUE 42ND FLOOR, NEW YORK NY, 10167. The real estate investment trust can be reached via phone at 212-750-7300 or via email at [email protected]
MarketBeat Community Rating for Ares Commercial Real Estate (NYSE ACRE)
MarketBeat's community ratings are surveys of what our community members think about Ares Commercial Real Estate and other stocks. Vote "Outperform" if you believe ACRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ACRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
