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NYSE:ACREAres Commercial Real Estate Stock Price, Forecast & News

$8.40
+0.12 (+1.45 %)
(As of 07/14/2020 04:00 PM ET)
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Today's Range
$8.11
Now: $8.40
$8.65
50-Day Range
$7.20
MA: $8.83
$11.01
52-Week Range
$2.78
Now: $8.40
$17.72
Volume300,600 shs
Average Volume666,890 shs
Market Capitalization$280.91 million
P/E Ratio19.09
Dividend Yield15.94%
Beta1.22
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, real estate preferred equity investments, mezzanine loans, and other CRE investments. Ares Commercial Real Estate Corporation has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.96 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP04013V10
Phone212-750-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$114.78 million
Cash Flow$1.19 per share
Book Value$13.00 per share

Profitability

Net Income$36.99 million

Miscellaneous

Employees1,200
Market Cap$280.91 million
Next Earnings Date7/24/2020 (Estimated)
OptionableOptionable

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Ares Commercial Real Estate (NYSE:ACRE) Frequently Asked Questions

How has Ares Commercial Real Estate's stock been impacted by COVID-19 (Coronavirus)?

Ares Commercial Real Estate's stock was trading at $13.57 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ACRE stock has decreased by 38.1% and is now trading at $8.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ares Commercial Real Estate?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Commercial Real Estate in the last year. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ares Commercial Real Estate.

When is Ares Commercial Real Estate's next earnings date?

Ares Commercial Real Estate is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Ares Commercial Real Estate.

How were Ares Commercial Real Estate's earnings last quarter?

Ares Commercial Real Estate Corp (NYSE:ACRE) issued its quarterly earnings data on Thursday, February, 20th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.33 by $0.04. The real estate investment trust had revenue of $28.54 million for the quarter. Ares Commercial Real Estate had a return on equity of 9.18% and a net margin of 9.46%. View Ares Commercial Real Estate's earnings history.

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

Ares Commercial Real Estate announced a quarterly dividend on Monday, June 22nd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.33 per share on Wednesday, July 15th. This represents a $1.32 annualized dividend and a dividend yield of 15.71%. The ex-dividend date of this dividend is Monday, June 29th. View Ares Commercial Real Estate's dividend history.

What price target have analysts set for ACRE?

5 equities research analysts have issued 12 month price objectives for Ares Commercial Real Estate's stock. Their forecasts range from $9.00 to $16.50. On average, they expect Ares Commercial Real Estate's stock price to reach $11.40 in the next twelve months. This suggests a possible upside of 35.7% from the stock's current price. View analysts' price targets for Ares Commercial Real Estate.

Has Ares Commercial Real Estate been receiving favorable news coverage?

Media stories about ACRE stock have trended extremely negative recently, according to InfoTrie. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ares Commercial Real Estate earned a media sentiment score of -4.3 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect on the company's share price in the near term. View the latest news about Ares Commercial Real Estate.

Who are some of Ares Commercial Real Estate's key competitors?

What other stocks do shareholders of Ares Commercial Real Estate own?

Who are Ares Commercial Real Estate's key executives?

Ares Commercial Real Estate's management team includes the following people:
  • Mr. James Alan Henderson, Pres, CEO, Chief Investment Officer & Director (Age 49)
  • Mr. Tae-Sik Yoon, CFO & Treasurer (Age 52)
  • Mr. Don Haisch, Chief Accounting Officer
  • Mr. Carl G. Drake C.F.A., CFA, Partner/Head of Public Investor Relations & Communications
  • Ms. Michele Brancati, Investor Relations Contact

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 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, Robinhood, 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 $8.40.

How big of a company is Ares Commercial Real Estate?

Ares Commercial Real Estate has a market capitalization of $280.91 million and generates $114.78 million in revenue each year. The real estate investment trust earns $36.99 million in net income (profit) each year or $1.34 on an earnings per share basis. Ares Commercial Real Estate employs 1,200 workers across the globe.

What is Ares Commercial Real Estate's official website?

The official website for Ares Commercial Real Estate is www.arescre.com.

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]

This page was last updated on 7/15/2020 by MarketBeat.com Staff

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