Ares Commercial Real Estate
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- Market Cap.:
- $612.14 million
- Book Value:
- Revenue TTM:
- $60.11 million
- Operating Margin TTM:
- Gross Profit TTM:
- $60.11 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
Shares of Ares Commercial Real Estate opened at $8.52 at the start of the last trading session i.e. 2023-03-25.
The stocks traded within a range of $8.41 - $8.91, and closed at $8.88.
This is a +3.02% increase from the previous day's closing price.
A total volume of 882,900 shares were traded at the close of the day’s session.
In the last one week, shares of Ares Commercial Real Estate have slipped by -2.95%.
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
- Trailing PE
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
- Dividend Payout Ratio
Ares Commercial Real Estate ended 2023 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 2023 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 2023, 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 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Ares Commercial Real Estate stock is currently trading at $8.88 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 $11.13 and 200-day moving average was $11.46 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.
Frequently Asked Questions About Ares Commercial Real Estate
Similar Industry Stocks (REIT-Mortgage)
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. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity, and other CRE investments, including commercial mortgage-backed securities. The company 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. The company was incorporated in 2011 and is based in New York, New York.