ACRE
Ares Commercial Real Estate Corporation
Set alert
3.36 USD -0.06 -1.75%
3.28 Day range 3.41
3.16 52-week range 5.71
- YTD
- -29.71%
- 1 year
- -23.81%
- Open
- 3.41
- Prev close
- 3.42
- Mkt cap
- 186.42M
- Vol
- 526.47K
- Avg vol
- 544.21K
- EPS
- -0.08
- P/E
- 0.00
- Div yield
- 15.65%
More statistics
- Low
- 3.28
- High
- 3.41
- Forward P/E
- 18.56
- Beta
- 1.50
- Short ratio
- 3.28
- Inst. own
- 44.35%
- Dividend
- 1.00
- Ex-div date
- Dec 30, 2024
- 50-d avg
- 6.81
- 200-d avg
- 7.01
- 1y target
- 7.00
Key statistics
- Market cap
- 344.16M
- Enterprise value
- 1.62B
- Trailing P/E
- 0.00
- Forward P/E
- 18.56
- PEG ratio
- 0.00
- Price / sales
- 8.73
- Price / book
- 0.61
- EPS (TTM)
- -1.18
- Beta
- 1.50
- Dividend yield
- 15.65%
- Payout ratio
- 2266.67%
- Profit margin
- -161.69%
- Revenue (TTM)
- 39.42M
- Revenue growth
- -55.50%
- Free cash flow
- 0
- Total cash
- 68.88M
- Total debt
- 1.34B
- Return on equity
- -10.23%
- Shares outstanding
- 54.54M
- Short % of float
- 2.81%
- 50-day average
- 6.81
- 200-day average
- 7.01
Analyst view
Consensus: none
Price target (mean) 7.00
Ratings (0m) 8 0 buy · 6 hold · 2 sell
- Strong buy0
- Buy0
- Hold6
- Sell1
- Strong sell1
Next earnings
Consensus EPS estimate 0.095.
Financials — quick view
ACRE Revenue — quarterly 14.36M
ACRE Net income — quarterly 4.38M
ACRE EPS — quarterly 0.08
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 7, 2024 | Sep 1, 2024 | 0.11 | 0.07 | -0.04 | -36.36% |
| Aug 6, 2024 | Jun 1, 2024 | 0.19 | -0.12 | -0.31 | -163.16% |
| May 9, 2024 | Mar 1, 2024 | -0.30 | -0.62 | -0.32 | -106.67% |
| Feb 22, 2024 | Dec 1, 2023 | -0.40 | 0.20 | +0.60 | +150.00% |
| Nov 3, 2023 | Sep 1, 2023 | 0.23 | 0.25 | +0.02 | +8.70% |
| Aug 2, 2023 | Jun 1, 2023 | 0.32 | 0.35 | +0.03 | +9.38% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 9, 2024 | JMP Securities | reit | Market Perform | Market Perform |
| Oct 17, 2024 | JP Morgan | main | Neutral | Neutral |
| Sep 20, 2024 | Wells Fargo | down | Equal-Weight | Underweight |
| May 10, 2024 | Keefe, Bruyette & Woods | main | Market Perform | Market Perform |
| Apr 10, 2024 | Keefe, Bruyette & Woods | main | Market Perform | Market Perform |
| Apr 10, 2024 | JP Morgan | main | Neutral | Neutral |
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities. It 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 Corporation was incorporated in 2011 and is based in New York, New York.
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Country
- United States
- Website
- arescre.com
News
- ACORE CAPITAL Closes Second Opportunistic Credit Fund Above Target With $1.1 Billion of Commitments
- Keefe, Bruyette & Woods Maintains Outperform on Ares Commercial Real Est, Lowers Price Target to $4.5
- Ares Comml Real Est Q2 Adj. EPS $0.12 Beats $0.05 Estimate, Sales $14.356M Beat $12.540M Estimate
- JP Morgan Maintains Neutral on Ares Commercial Real Est, Lowers Price Target to $5
- Citizens Reiterates Market Perform on Ares Commercial Real Estto Market Perform
- UBS Maintains Neutral on Ares Commercial Real Est, Raises Price Target to $5.5
- Keefe, Bruyette & Woods Maintains Outperform on Ares Commercial Real Est, Lowers Price Target to $5.5
- Ares Comml Real Est Q1 Adj. EPS $0.06 Beats $0.05 Estimate, Sales $13.460M Beat $12.820M Estimate
- JP Morgan Maintains Neutral on Ares Commercial Real Est, Lowers Price Target to $5.5
- 7 Stocks Leading the Real Estate Recovery
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| APRIL RAND SCOTT | Director | Stock Award(Grant) | May 1, 2024 | 74,552 |
| BLAKELY CAROLINE | Director | Stock Award(Grant) | May 1, 2024 | 66,755 |
| BROWNING WILLIAM | Director | Stock Award(Grant) | May 1, 2024 | 59,916 |
| DONOHOE BRYAN PATRICK | Chief Executive Officer | Stock Award(Grant) | Dec 12, 2024 | 242,414 |
| FEINGOLD ANTON | General Counsel | Stock Award(Grant) | Dec 12, 2024 | 85,975 |
| GONZALES JEFFREY MICHAEL | Chief Financial Officer | Stock Award(Grant) | Dec 12, 2024 | 54,771 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 9.32% | 5,083,912 | 32.08M | Sep 29, 2024 |
| Vanguard Group Inc | 5.47% | 2,982,464 | 18.82M | Sep 29, 2024 |
| Invesco Ltd. | 4.20% | 2,290,690 | 14.45M | Sep 29, 2024 |
| Geode Capital Management, LLC | 2.33% | 1,272,163 | 8.03M | Sep 29, 2024 |
| State Street Corporation | 1.93% | 1,052,314 | 6.64M | Sep 29, 2024 |
| Balyasny Asset Management LLC | 1.78% | 972,863 | 6.14M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Invesco ETF Tr-Invesco KBW High Div Yld Financial ETF | 3.88% | 2,115,510 | 13.35M | Oct 30, 2024 |
| Vanguard Total Stock Market Index Fund | 2.97% | 1,620,581 | 10.23M | Sep 29, 2024 |
| iShares Russell 2000 ETF | 2.66% | 1,450,047 | 9.15M | Oct 30, 2024 |
| Vanguard Extended Market Index Fund | 1.63% | 891,374 | 5.62M | Sep 29, 2024 |
| iShares Mortgage Real Estate ETF | 1.52% | 829,567 | 5.23M | Oct 30, 2024 |
| Fidelity Small Cap Index Fund | 1.04% | 567,753 | 3.58M | Aug 30, 2024 |