ACRE - Ares Commercial Real Estate Corporation

NYSE - NYSE Delayed Price. Currency in USD
7.45
-0.53 (-6.64%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close7.98
Open7.77
Bid7.60 x 1300
Ask8.15 x 800
Day's Range7.38 - 7.89
52 Week Range2.78 - 17.72
Volume552,500
Avg. Volume833,066
Market Cap249.142M
Beta (5Y Monthly)1.25
PE Ratio (TTM)19.97
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.32 (16.54%)
Ex-Dividend DateMar 30, 2020
1y Target EstN/A
  • 3 “Strong Buy” Dividend Stocks Yielding at Least 9%
    TipRanks

    3 “Strong Buy” Dividend Stocks Yielding at Least 9%

    The S&P 500 has broken above 3,000, marking a milestone in the current bull rally. There’s a deepening feeling that equities by be a leading indicator, showing that the economy will turn around in 2H20.That’s the blue-sky scenario, and it may happen. We live in an uncertain world, however, and even the most upbeat investors will look for ways to defend their portfolio in times like these. It’s natural to look at value stocks, equities trading at low cost but offering high upside potential, and high-yield dividend stocks, with their steady income stream providing a cushion against share depreciation. We’ve used TipRanks database to find three stocks to fit that profile. Ares Commercial Real Estate (ACRE)We’ll start with a real estate investment trust. These companies typically pay out high yield dividends, as tax codes require them to return a high percentage of income directly to shareholders. Ares, which originates, invests in, and manages commercial real estate loans in the mid-market, is typical of its niche.The economic and market slides of the past few months hit the company hard. With commercial activity slowing, there were fewer opportunities for real estate loans, and repayment income was hit. Ares saw a sequential decline in earnings from Q4 to Q1, although at 11% it was not as deep as many similar companies. The company’s stock price is still down, however; with a net share price loss of 50%, Ares has badly underperformed in the current cycle.Even though the stock is down and income is lower, Ares has maintained its solid dividend. The company paid out 33 cents per share in Q1, slightly more than its EPS. The yield, however, is the true attraction here – at 16.5%, it is sky-high, far higher than the 2.2% average found among peer companies in the financial sector.JMP’s 5-star analyst Steven DeLaney sees ACRE’s current condition as an opportunity to buy in at lower prices. He writes of the stock, “…our outlook for a recovery in the value of ACRE shares remains positive after an expected few months of temporary economic turbulence as the company has minimal exposure to higher-risk commercial property types and has generally demonstrated solid loan underwriting since its inception in 2012.”DeLaney’s Buy rating is backed by a $10 price target, suggesting room for a robust upside of 32%. (To watch DeLaney’s track record, click here)Ares has a unanimous Strong Buy analyst consensus rating, based on 3 recent Buy reviews. Shares are selling for $7.61 and the average price target matches DeLaney’s at $10. The 31% upside and ultra-high dividend yield should bring investors in. (See ACRE stock analysis on TipRanks)Barings BDC, Inc. (BBDC)Next up is a business development corporation, Barings BDC. This company, provides asset management and direct origination for its customers to raise capital. Barings invests in middle market debts, equities, and fixed income assets, with customers around the world. Barings boasts over $327 billion in world-wide assets under management.In Q1, Barings managed to avoid sharp sequential declines, but the 15-cent EPS still missed the forecast by a penny. Top line revenue, at $18.7 million missed the forecast by almost 2%; however, it did show modest year-over-year growth.BBDC pays out 16 cents per share quarterly, making the yield on the 64-cent annualized payment an impressive 9%. While not as stellar as Ares above, it is still more than 4x higher than the average 2% yield found among S&P listed companies.Finian O’Shea covers this stock for Wells Fargo and writes, “With a stable portfolio, leverage and liquidity profile, we believe BBDC is one of the names that will sail through the recession with comparatively little harm – and therefore likely to provide a very attractive return over the medium to long term.” (To watch O’Shea’s track record, click here)The Strong Buy analyst consensus rating here is another unanimous vote, also based on 3 reviews. BBDC is selling for $7.40 per share, and the average price target of $8.50 indicates room for a 10% upside potential. (See Barings BDC stock analysis on TipRanks)Ready Capital Corporation (RC)Last up is another REIT, this one focusing on commercial mortgages. Ready Capital buys, originates, finances, and manages loans for commercial mortgages and related real estate securities including multi-family properties. The company’s customer base is in the US, where it boasts that it has provided over $3 billion in capital through its services.Ready suffered the worst share price loss of the stocks in this list, as it is down 59% since February. Shares have been flat since their initial decline, and the first quarter saw earnings collapse from over 40 cents to just one penny.However – the prospect for Q2 is better, with forecasts predicting up to 52 cents EPS inQ2. Most investors appear to see Ready’s pain as already baked in – repayments were down, but as the economy improves that situation is likely to reverse itself. In the meantime, Ready has kept up its dividend at 40 cents quarterly. The annualized payment is $1.60 per share. These are decent numbers, but the yield is where it’s at here. RC’s dividend yields an eye-popping 25% after the share declines – more than enough to make the potential risks worthwhile.Piper Sandler analyst Crispin Love writes, “We believe RC can weather the volatility given its diversified platform, low LTVs, PPP benefits, and potential to buy distressed assets in 2020/2021… The company's $4.2B portfolio of 4,500 loans have LTVs of about 60% and 90% of loans are current through April 30. In the CRE portfolio, 10% of loans are in forbearance while 7% of loans in the resi portfolio are in forbearance. Given RC's focus on small balance, we believe there were worries that forbearance rates would be significantly higher.”All of this is a recipe for a stock ready to bounce back, and Love rates RC a Buy. The analyst’s $17.50 price target shows how strong his confidence is – it implies an upside potential of 195% for the coming year. (To watch Love’s track record, click here)While RC shares get another Strong Buy from the analyst consensus, also based on 3 Buy reviews, there is some caution here, shown by one Hold tossed into the mix. Ready’s shares are selling for $5.92, and the average price target of $13.50 suggests a strong upside of 128%. (See Ready stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Ares Commercial Real Estate Corp (ACRE) Q1 2020 Earnings Call Transcript
    Motley Fool

    Ares Commercial Real Estate Corp (ACRE) Q1 2020 Earnings Call Transcript

    Before we begin, I want to remind everyone that comments made during the course of this conference call and webcast and the accompanying documents contain forward-looking statements and are subject to risks and uncertainties. Many of these forward-looking statements can be identified by the use of words such as anticipates, believes, expects, intends, will, should, may and similar expressions. The Company's actual results could differ materially from those expressed in the forward-looking statements as a result of a number of factors including those listed in its SEC filings.

  • Thomson Reuters StreetEvents

    Edited Transcript of ACRE earnings conference call or presentation 8-May-20 5:00pm GMT

    Q1 2020 Ares Commercial Real Estate Corp Earnings Call

  • Benzinga

    Ares Commercial Real Estate: Q1 Earnings Insights

    Shares of Ares Commercial Real Estate (NYSE:ACRE) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were flat 0.00% over the past year to $0.32, which missed the estimate of $0.34.Revenue of $21,134,000 higher by 49.28% year over year, which beat the estimate of $14,100,000.Outlook Earnings guidance hasn't been issued by the company for now.Ares Commercial Real hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 08, 2020View more earnings on ACREWebcast URL: http://www.arescre-ir.com/eventTechnicals Company's 52-week high was at $17.72Company's 52-week low was at $2.78Price action over last quarter: down 59.50%Company Description Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segments namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.See more from Benzinga * 17 Healthcare Stocks Moving In Friday's Pre-Market Session * 12 Consumer Cyclical Stocks Moving In Friday's Pre-Market Session * 12 Energy Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Ares Commercial Real Estate (ACRE) Misses Q1 Earnings Estimates
    Zacks

    Ares Commercial Real Estate (ACRE) Misses Q1 Earnings Estimates

    Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of -3.03% and 8.44%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Ares Commercial Real Estate (ACRE) Earnings Expected to Grow: Should You Buy?
    Zacks

    Ares Commercial Real Estate (ACRE) Earnings Expected to Grow: Should You Buy?

    Ares Commercial Real Estate (ACRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • New Strong Sell Stocks for April 16th
    Zacks

    New Strong Sell Stocks for April 16th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.

  • Is Ares Commercial Real Estate Corporation (NYSE:ACRE) A Volatile Stock?
    Simply Wall St.

    Is Ares Commercial Real Estate Corporation (NYSE:ACRE) A Volatile Stock?

    If you're interested in Ares Commercial Real Estate Corporation (NYSE:ACRE), then you might want to consider its beta...

  • Thomson Reuters StreetEvents

    Edited Transcript of ACRE earnings conference call or presentation 20-Feb-20 4:00pm GMT

    Q4 2019 Ares Commercial Real Estate Corp Earnings Call

  • Indiana group pays $21.9 million for Triad apartments
    American City Business Journals

    Indiana group pays $21.9 million for Triad apartments

    An Indiana real estate company has purchased a large apartment community in one of the Triad's fastest-growing communities. The seller, Dasmen Residential of Suffern, New York, had purchased the 8.5 acre property in July 2016 for $16.7 million. Newmark Knight Frank (NASDAQ: BGC), which represented Dasmen, said the seller had renovated about 10 percent of the units as well as the clubhouse, swimming pool and fitness room.

  • Is Ares Commercial Real Estate Corp (ACRE) A Good Stock To Buy?
    Insider Monkey

    Is Ares Commercial Real Estate Corp (ACRE) A Good Stock To Buy?

    After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […]

  • Thomson Reuters StreetEvents

    Edited Transcript of ACRE earnings conference call or presentation 8-Nov-19 2:00pm GMT

    Q3 2019 Ares Commercial Real Estate Corp Earnings Call

  • Ares Commercial Real Estate (ACRE) Tops Q3 Earnings Estimates
    Zacks

    Ares Commercial Real Estate (ACRE) Tops Q3 Earnings Estimates

    Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 3.03% and -1.16%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Hedge Funds Have Never Been More Bullish On Ares Commercial Real Estate Corp (ACRE)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Ares Commercial Real Estate Corp (ACRE)

    Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]

  • Earnings Preview: Ares Commercial Real Estate (ACRE) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: Ares Commercial Real Estate (ACRE) Q3 Earnings Expected to Decline

    Ares Commercial Real Estate (ACRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is Ares Commercial Real Estate Corporation (NYSE:ACRE) An Attractive Dividend Stock?
    Simply Wall St.

    Is Ares Commercial Real Estate Corporation (NYSE:ACRE) An Attractive Dividend Stock?

    Today we'll take a closer look at Ares Commercial Real Estate Corporation (NYSE:ACRE) from a dividend investor's...

  • Just 4 Days Before Ares Commercial Real Estate Corporation (NYSE:ACRE) Will Be Trading Ex-Dividend
    Simply Wall St.

    Just 4 Days Before Ares Commercial Real Estate Corporation (NYSE:ACRE) Will Be Trading Ex-Dividend

    Ares Commercial Real Estate Corporation (NYSE:ACRE) stock is about to trade ex-dividend in 4 days time. You will need...

  • Is Now The Time To Put Ares Commercial Real Estate (NYSE:ACRE) On Your Watchlist?
    Simply Wall St.

    Is Now The Time To Put Ares Commercial Real Estate (NYSE:ACRE) On Your Watchlist?

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • Do Institutions Own Ares Commercial Real Estate Corporation (NYSE:ACRE) Shares?
    Simply Wall St.

    Do Institutions Own Ares Commercial Real Estate Corporation (NYSE:ACRE) Shares?

    The big shareholder groups in Ares Commercial Real Estate Corporation (NYSE:ACRE) have power over the company...

  • Thomson Reuters StreetEvents

    Edited Transcript of ACRE earnings conference call or presentation 26-Jul-19 3:00pm GMT

    Q2 2019 Ares Commercial Real Estate Corp Earnings Call

  • Ares Commercial Real Estate Corp (ACRE) Q2 2019 Earnings Call Transcript
    Motley Fool

    Ares Commercial Real Estate Corp (ACRE) Q2 2019 Earnings Call Transcript

    ACRE earnings call for the period ending June 30, 2019.

  • Ares Commercial Real Estate (ACRE) Q2 Earnings and Revenues Top Estimates
    Zacks

    Ares Commercial Real Estate (ACRE) Q2 Earnings and Revenues Top Estimates

    Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 11.76% and 7.89%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Benzinga

    Ares Commercial Real Q2 Earnings Preview

    Ares Commercial Real (NYSE: ACRE ) announces its next round of earnings this Friday, July 26. Here is Benzinga's everything-that-matters guide for Friday's Q2 earnings announcement. Earnings and Revenue ...

  • Zacks

    Earnings Preview: Ares Commercial Real Estate (ACRE) Q2 Earnings Expected to Decline

    Ares Commercial Real Estate (ACRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Did Ares Commercial Real Estate Corporation (NYSE:ACRE) Insiders Buy Up More Shares?
    Simply Wall St.

    Did Ares Commercial Real Estate Corporation (NYSE:ACRE) Insiders Buy Up More Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...