Ares Commercial Real Estate

Company Profile

Ares Commercial Real Estate had its IPO on 2012-04-26 under the ticker symbol ACRE.

The company operates in the Real Estate sector and REIT-Mortgage industry. Ares Commercial Real Estate has a staff strength of 0 employees.

Stock update

Shares of Ares Commercial Real Estate opened at $10.44 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $10.42 - $10.55, and closed at $10.44.

This is a -0.48% slip from the previous day's closing price.

A total volume of 373,712 shares were traded at the close of the day’s session.

In the last one week, shares of Ares Commercial Real Estate have increased by +0.77%.

Ares Commercial Real Estate's Key Ratios

Ares Commercial Real Estate has a market cap of $612.14 million, indicating a price to book ratio of 0.8332 and a price to sales ratio of 7.9193.

In the last 12-months Ares Commercial Real Estate’s revenue was $60.11 million with a gross profit of $60.11 million and an EBITDA of $0. The EBITDA ratio measures Ares Commercial Real Estate's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Ares Commercial Real Estate’s operating margin was 46.68% while its return on assets stood at 1.16% with a return of equity of 4.18%.

In Q4, Ares Commercial Real Estate’s quarterly earnings growth was a negative -85.3% while revenue growth was a negative 61.9%.

Ares Commercial Real Estate’s PE and PEG Ratio

Forward PE

7.5815

Trailing PE

19.6667

PEG

2.57

Its diluted EPS in the last 12-months stands at $0.57 per share while it has a forward price to earnings multiple of 7.5815 and a PEG multiple of 2.57. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Ares Commercial Real Estate’s profitability.

Ares Commercial Real Estate stock is trading at a EV to sales ratio of 14.6121 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 7.9193.

Ares Commercial Real Estate stock pays annual dividends of $1.32 per share, indicating a yield of 11.38% and a payout ratio of 2.33%.

Balance sheet and cash flow metrics

Total Assets

$2.52 billion

Total Liabilities

$104.46 million

Operating Cash Flow

$257.13 million

Capital Expenditure

$0

Dividend Payout Ratio

2.33%

Ares Commercial Real Estate ended 2024 with $2.52 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.52 billion while shareholder equity stood at $747.54 million.

Ares Commercial Real Estate ended 2024 with $0 in deferred long-term liabilities, $104.46 million in other current liabilities, 537000.00 in common stock, $-73326000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $141.28 million and cash and short-term investments were $2.41 billion. The company’s total short-term debt was $104,460,000 while long-term debt stood at $1.03 billion.

Ares Commercial Real Estate’s total current assets stands at $2.56 billion while long-term investments were $27.94 million and short-term investments were $2.26 billion. Its net receivables were $155.75 million compared to accounts payable of $1.91 million and inventory worth $0.

In 2024, Ares Commercial Real Estate's operating cash flow was $257.13 million while its capital expenditure stood at $0.

Comparatively, Ares Commercial Real Estate paid $0.02 in dividends in 2024.

Other key metrics

Current Trading Price

$10.44

52-Week High

$14.9945

52-Week Low

$9.6514

Analyst Target Price

$13.17

Ares Commercial Real Estate stock is currently trading at $10.44 per share. It touched a 52-week high of $14.9945 and a 52-week low of $14.9945. Analysts tracking the stock have a 12-month average target price of $13.17.

Its 50-day moving average was $10.36 and 200-day moving average was $9.84 The short ratio stood at 2.54 indicating a short percent outstanding of 0%.

Around 587.2% of the company’s stock are held by insiders while 4701.7% are held by institutions.