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Ares Commercial Real Estate Corp. (ACRE)

Stock Price: $9.65 USD 0.00 (0.00%)
Updated Aug 13, 2020 4:00 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 322.71M
Revenue (ttm) 55.77M
Net Income (ttm) 11.20M
Shares Out 33.44M
EPS (ttm) 0.37
PE Ratio 26.08
Forward PE 8.08
Dividend $1.32
Dividend Yield 13.68%

Stock Quote

Trading Day Aug 13, 2020
Last Price $9.65
Previous Close $9.65
Change ($) 0.00
Change (%) 0.00%
Day's Open -
Day's Range 9.61 - 10.07
Day's Volume 0
52-Week Range 2.78 - 17.72

More Stats

Market Cap 322.71M
Enterprise Value 1.78B
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date Jun 29, 2020
Shares Outstanding 33.44M
Float 31.67M
EPS (basic) 0.4
EPS (diluted) 0.37
FCF / Share 0.86
Dividend $1.32
Dividend Yield 13.68%
Earnings Yield 3.83%
FCF Yield 8.87%
Payout Ratio n/a
Shares Short 749,099
Short Ratio 2.00
Short % of Float 2.28%
Beta 1.21
PE Ratio 26.08
Forward PE 8.08
P/FCF Ratio 11.28
PS Ratio 5.79
PB Ratio 0.67
Revenue 55.77M
Operating Income 38.68M
Net Income 11.20M
Free Cash Flow 28.61M
Net Cash -1.46B
Net Cash / Share -43.64
Gross Margin 136.87%
Operating Margin 69.36%
Profit Margin 13.90%
FCF Margin 51.30%
ROA 0.61%
ROE 2.51%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (5)

Buy 4
Overweight 0
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$10.20*
(5.70% upside)
Low
9.00
Current: $9.65
High
11.00
Target: 10.20
*Average 12-month price target from 5 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018201720162015201420132012
Revenue77.2655.2846.3545.1150.0037.5432.036.72
Revenue Growth39.75%19.28%2.75%-9.78%33.19%17.2%376.64%-
Gross Profit54.2855.2846.3545.1150.0037.5432.036.72
Operating Income37.5139.0431.3830.6836.3222.9912.200.96
Net Income36.9938.6030.4344.8743.3224.6213.770.19
Shares Outstanding28.6128.5328.4828.4628.5028.4618.996.53
Earnings Per Share1.281.351.071.411.200.850.720.03
EPS Growth-5.19%26.17%-24.11%17.5%41.18%18.06%2300%-
Dividend Per Share1.321.161.081.041.001.001.000.37
Dividend Growth13.79%7.41%3.85%4%0%0%170.27%-
Operating Cash Flow32.4539.2231.28-4.49276-22325.441.95
Capital Expenditures-1.69---0.35-0.60-1.83-0.04-
Free Cash Flow30.7739.2231.28-4.84275-22525.401.95
Cash & Equivalents5.6411.4728.7247.6518.1582.6737.0526.60
Total Debt1,3361,1571,3379318471,337727212
Net Cash / Debt-1,330-1,146-1,308-883-829-1,254-690-185
Assets1,7841,6031,7701,3741,3791,8621,177388
Liabilities1,3581,1781,3519449221,381771222
Book Value426426419419409403406165
Numbers in millions USD, except per-share numbers.

Company Profile

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.