ACRE
Ares Commercial Real EstateACRE
ACRE
About: Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. It operates in one segment 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.
Employees: 2,100
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
99% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $514K
4% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 46
1% more capital invested
Capital invested by funds: $153M [Q2] → $154M (+$1.3M) [Q3]
1.67% less ownership
Funds ownership: 41.99% [Q2] → 40.32% (-1.67%) [Q3]
7% less funds holding
Funds holding: 138 [Q2] → 128 (-10) [Q3]
40% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 25
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$6.50
2%
upside
Avg. target
$6.50
2%
upside
High target
$6.50
2%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target | 2%upside $6.50 | Neutral Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 3 articles about ACRE published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Neutral
Seeking Alpha
1 week ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
Negative
Seeking Alpha
1 week ago
Ares Commercial Real Estate: High Yield Is A Red Flag (Downgrade)
Ares Commercial Real Estate failed to cover its dividend with distributable profits in 3Q24, reflecting high dividend adjustment risk and ongoing loan issues. The trust's portfolio has shrunk by 15% due to selling impaired loans, leading to a 72% YoY drop in distributable profits and negative net income. Ares Commercial Real Estate's stock trades at a 32% discount to book value, but the elevated dividend risk necessitates a rating change from 'Buy' to 'Hold.'.
Neutral
Seeking Alpha
1 month ago
Ares Commercial: The 14% Yield Is Likely Not Sustainable
Ares Commercial continues to face problems related to impaired loans in its office segment. The commercial mortgage REIT was forced to increase its CECL reserve in the third-quarter. ACRE realized losses of $0.10 per-share related to loan sales. Even when adjusting for such loan losses, the REIT did not support its dividend with distributable earnings.
Positive
Seeking Alpha
1 month ago
A Decisive Realignment
U.S. equity markets soared to record highs this week after President-elect Trump scored a surprisingly decisive election victory, including a likely "trifecta" of Republican legislative control in Congress. The outcome sparked powerful moves across global financial markets as investors priced in a combination of domestic-focused and "pro-growth" economic policies but also reflected concern over deficits and immigration policy. Characteristic of the "Trump trade" dynamic, smaller-cap companies led the surge, outperforming mega-cap technology and international-heavy peers. The S&P Small-Cap 600 soared 9%, outpacing 5% gains from the S&P 500.
Neutral
Seeking Alpha
1 month ago
Ares Commercial Real Estate Corporation (ACRE) Q3 2024 Earnings Call Transcript
Ares Commercial Real Estate Corporation (ACRE) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 month ago
Ares Commercial Real Estate (ACRE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Ares Commercial Real Estate (ACRE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
1 month ago
Ares Commercial Real Estate (ACRE) Lags Q3 Earnings and Revenue Estimates
Ares Commercial Real Estate (ACRE) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.25 per share a year ago.
Neutral
Business Wire
1 month ago
Ares Commercial Real Estate Corporation Reports Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income (loss) of $(5.9) million or $(0.11) per diluted common share and Distributable Earnings(1) of $3.7 million or $0.07 per diluted common share for the third quarter of 2024. “During the third quarter, we continued to make progress on ou.
Neutral
24/7 Wall Street
1 month ago
These 15 Stocks Are Among the Top Dividend Payers in the Wilshire 5000
Created in 1974, the Wilshire 5000 Index was intended to be a market-weighted index of the combined NYSE, NASDAQ, and American Stock Exchange (since merged with NASDAQ in 1998).
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