Ares Commercial Real Estate Corp. (ACRE)
Stock Price:
$11.25 USD
-0.16 (-1.40%)
Updated November 27, 1:00 PM EST - Market closed
After-hours: $11.41 +0.16 (1.42%) Nov 27, 1:03 PM
Key Info
| Market Cap |
376.22M |
| Revenue (ttm) |
83.07M |
| Net Income (ttm) |
17.09M |
| Shares Out |
33.44M |
| EPS (ttm) |
0.53 |
| PE Ratio |
21.23 |
| Forward PE |
8.64 |
| Dividend |
$1.32 |
| Dividend Yield |
11.73% |
Stock Quote
| Trading Day |
November 27 |
| Last Price |
$11.25 |
| Previous Close |
$11.41 |
| Change ($) |
-0.16 |
| Change (%) |
-1.40% |
| Day's Open |
11.43 |
| Day's Range |
11.25 - 11.55 |
| Day's Volume |
94,260 |
| 52-Week Range |
3.85 - 15.85 |
More Stats
| Market Cap |
376.22M |
| Enterprise Value |
1.75B |
| Earnings Date (est) |
Jan 1, 1970 |
| Ex-Dividend Date |
Sep 29, 2020 |
| Shares Outstanding |
33.44M |
| Float |
n/a |
| EPS (basic) |
0.53 |
| EPS (diluted) |
0.53 |
| FCF / Share |
0.90 |
| Dividend |
$1.32 |
| Dividend Yield |
11.73% |
| Earnings Yield |
4.71% |
| FCF Yield |
7.97% |
| Payout Ratio |
249.10% |
| Shares Short |
558,570 |
| Short Ratio |
2.53 |
| Short % of Float |
n/a |
| Beta |
1.32 |
| PE Ratio |
21.23 |
| Forward PE |
8.64 |
| P/FCF Ratio |
12.55 |
| PS Ratio |
4.53 |
| PB Ratio |
0.80 |
| Revenue |
83.07M |
| Operating Income |
43.70M |
| Net Income |
17.09M |
| Free Cash Flow |
29.98M |
| Net Cash |
-1.38B |
| Net Cash / Share |
-41.15 |
| Gross Margin |
128.62% |
| Operating Margin |
52.60% |
| Profit Margin |
20.60% |
| FCF Margin |
36.09% |
| ROA |
0.94% |
| ROE |
3.82% |
| ROIC |
0.50% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Forecasts
Analyst Ratings (5)
| Buy |
3 |
| Overweight |
1 |
| Hold |
1 |
| Underweight |
0 |
| Sell |
0 |
Price Target
$11.00*
(-2.22% downside)
Low
9.00
Current: $11.25
High
12.50
Target: 11.00
*Average 12-month price target from 5 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|
| Revenue | 77.26 | 55.28 | 46.35 | 45.11 | 50.00 | 37.54 | 32.03 | 6.72 |
| Revenue Growth | 39.75% | 19.28% | 2.75% | -9.78% | 33.19% | 17.2% | 376.64% | - |
| Gross Profit | 54.28 | 55.28 | 46.35 | 45.11 | 50.00 | 37.54 | 32.03 | 6.72 |
| Operating Income | 37.51 | 39.04 | 31.38 | 30.68 | 36.32 | 22.99 | 12.20 | 0.96 |
| Net Income | 36.99 | 38.60 | 30.43 | 44.87 | 43.32 | 24.62 | 13.77 | 0.19 |
| Shares Outstanding | 28.61 | 28.53 | 28.48 | 28.46 | 28.50 | 28.46 | 18.99 | 6.53 |
| Earnings Per Share | 1.28 | 1.35 | 1.07 | 1.41 | 1.20 | 0.85 | 0.72 | 0.03 |
| EPS Growth | -5.19% | 26.17% | -24.11% | 17.5% | 41.18% | 18.06% | 2300% | - |
| Dividend Per Share | 1.32 | 1.16 | 1.08 | 1.04 | 1.00 | 1.00 | 1.00 | 0.37 |
| Dividend Growth | 13.79% | 7.41% | 3.85% | 4% | 0% | 0% | 170.27% | - |
| Operating Cash Flow | 32.45 | 39.22 | 31.28 | -4.49 | 276 | -223 | 25.44 | 1.95 |
| Capital Expenditures | -1.69 | - | - | -0.35 | -0.60 | -1.83 | -0.04 | - |
| Free Cash Flow | 30.77 | 39.22 | 31.28 | -4.84 | 275 | -225 | 25.40 | 1.95 |
| Cash & Equivalents | 5.64 | 11.47 | 28.72 | 47.65 | 18.15 | 82.67 | 37.05 | 26.60 |
| Total Debt | 1,336 | 1,157 | 1,337 | 931 | 847 | 1,337 | 727 | 212 |
| Net Cash / Debt | -1,330 | -1,146 | -1,308 | -883 | -829 | -1,254 | -690 | -185 |
| Assets | 1,784 | 1,603 | 1,770 | 1,374 | 1,379 | 1,862 | 1,177 | 388 |
| Liabilities | 1,358 | 1,178 | 1,351 | 944 | 922 | 1,381 | 771 | 222 |
| Book Value | 426 | 426 | 419 | 419 | 409 | 403 | 406 | 165 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Ares Commercial Real Estate Corp. |
| Country |
United States |
| CEO |
Bryan Donohoe |
Stock Information
| Ticker Symbol |
ACRE |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Real Estate |
| Industry |
REIT—Mortgage |
| Unique Identifier |
NYSE: ACRE |
| IPO Date |
April 26, 2012 |
Description
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 products, real estate preferred equity investments, mezzanine loans, and other CRE investments, including commercial mortgage backed securities. 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.