About Ares Commercial Real Estate Corporation (NYSE:ACRE)
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:
- Industry: Mortgage REITs
- Sub-Industry: Mortgage REITs
- Sector: Financials
- Symbol: NYSE:ACRE
- CUSIP: 04013V10
- Web: www.arescre.com
- Debt-to-Equity Ratio: 2.74%
Sales & Book Value:
- Trailing P/E Ratio: 11.44
- Forward P/E Ratio: 11.96
- P/E Growth: 1.69
- Annual Sales: $81.96 million
- Price / Sales: 4.63
- Cash Flow: $1.13 per share
- Price / Cash: 11.76
- Book Value: $15.09 per share
- Price / Book: 0.88
- Annual Dividend: $1.08
- Dividend Yield: 8.2%
- Trailing EPS: $1.13
- Net Income: $40.33 million
- Net Margins: 33.69%
- Return on Equity: 7.76%
- Return on Assets: 2.16%
- Employees: 930
- Outstanding Shares: 28,590,000
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 Wednesday, November 1st. Investors of record on Friday, December 29th will be paid a dividend of $0.27 per share on Tuesday, January 16th. This represents a $1.08 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date is Thursday, December 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) posted its quarterly earnings results on Wednesday, November, 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.11. The real estate investment trust earned $28.55 million during the quarter, compared to analyst estimates of $11.71 million. Ares Commercial Real Estate Corporation had a net margin of 33.69% and a return on equity of 7.76%. During the same period in the previous year, the business 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 price objectives for Ares Commercial Real Estate Corporation's shares. Their predictions range from $14.00 to $14.75. On average, they anticipate Ares Commercial Real Estate Corporation's share price to reach $14.42 in the next year. View Analyst Ratings for Ares Commercial Real Estate Corporation.
Who are some of Ares Commercial Real Estate Corporation's key competitors?
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, Independent Chairman of the Board (Age 70)
- James A. Henderson, President, Chief Executive Officer, Chief Investment Officer, Director (Age 47)
- Tae-Sik Yoon, Chief Financial Officer (Age 49)
- Michael D. Weiner, Vice President, General Counsel (Age 64)
- Michael J. Arougheti, Non-Executive Director (Age 44)
- Rand Scott April, Independent Director (Age 66)
- Caroline E. Blakely, Independent Director (Age 62)
- William L. Browning, Independent Director (Age 63)
- James E. Skinner, Independent Director (Age 63)
Who owns Ares Commercial Real Estate Corporation stock?
Ares Commercial Real Estate Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Boston Partners (7.71%), Telemus Capital LLC (1,649,517.31%), Neuberger Berman Group LLC (1.42%), Wells Fargo & Company MN (1.38%), Relative Value Partners Group LLC (1.08%) and Advisors Capital Management LLC (0.95%). 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 Allianz Asset Management GmbH, Wells Fargo & Company MN, Neuberger Berman Group LLC, Advisors Capital Management LLC and Los Angeles Capital Management & Equity Research Inc.. 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 bought by a variety of institutional investors in the last quarter, including Delphi Management Inc. MA, Beck Capital Management LLC, Boston Partners, Relative Value Partners Group LLC, Telemus Capital LLC, JPMorgan Chase & Co., California Public Employees Retirement System and Mackenzie Financial Corp. 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 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 Corporation's stock price today?
One share of Ares Commercial Real Estate Corporation stock can currently be purchased for approximately $13.28.
How big of a company is Ares Commercial Real Estate Corporation?
Ares Commercial Real Estate Corporation has a market capitalization of $376.24 million and generates $81.96 million in revenue each year. The real estate investment trust earns $40.33 million in net income (profit) each year or $1.13 on an earnings per share basis. Ares Commercial Real Estate Corporation employs 930 workers across the globe.
How can I contact Ares Commercial Real Estate Corporation?
Ares Commercial Real Estate Corporation's mailing address is 245 Park Ave Fl 42, NEW YORK, NY 10167-0002, United States. The real estate investment trust can be reached via phone at +1-212-5153400 or via email at [email protected]
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.
Analysts' Consensus Rating for Ares Commercial Real Estate Corporation (NYSE:ACRE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$14.42 (8.56% upside)|
Consensus Price Target History for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Analysts' Ratings History for Ares Commercial Real Estate Corporation (NYSE:ACRE)
(Data available from 11/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/2/2017||B. Riley||Reiterated Rating||Buy||N/A|
|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|
Earnings History and Estimates Chart for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Earnings History by Quarter for Ares Commercial Real Estate Corporation (NYSE ACRE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/6/2018|| || || || || || || || |
|11/1/2017||Q3 2017||$0.28||$0.39||$11.71 million||$28.55 million||View||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|
|8/7/2013||Q2 2013||$0.13||$0.12||$7.25 million||View||N/A|
Earnings Estimates for Ares Commercial Real Estate Corporation (NYSE:ACRE)
Current Year EPS Consensus Estimate: $1.11 EPS
Next Year EPS Consensus Estimate: $1.2 EPS
Current Dividend Information for Ares Commercial Real Estate Corporation (NYSE:ACRE)
|Dividend Growth:||1.00% (3 Year Average)|
|Payout Ratio:||95.58% (Trailing 12 Months of Earnings) |
97.30% (Based on This Year's Estimates)
90.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Ares Commercial Real Estate Corporation (NYSE ACRE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Ares Commercial Real Estate Corporation (NYSE ACRE)
Insider Ownership Percentage: 1.75%
Institutional Ownership Percentage: 63.41%
Insider Trades by Quarter for Ares Commercial Real Estate Corporation (NYSE ACRE)
(Data available from 1/1/2013 forward)
|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|| |
Latest Headlines for Ares Commercial Real Estate Corporation (NYSE ACRE)
Ares Commercial Real Estate Corporation (NYSE ACRE) Chart for Monday, November, 20, 2017