Ares Commercial Real Estate Corp. (ACRE)

NYSE: ACRE · IEX Real-Time Price · USD
14.22 -0.10 (-0.70%)
Jan 21, 2022 4:00 PM EST - Market closed
Market Cap668.37M
Revenue (ttm)93.16M
Net Income (ttm)57.71M
Shares Out47.00M
EPS (ttm)1.47
PE Ratio9.65
Forward PE10.10
Dividend$0.41 (2.88%)
Ex-Dividend DateDec 30, 2021
Volume677,605
Open14.20
Previous Close14.32
Day's Range14.12 - 14.41
52-Week Range11.16 - 16.98
Beta1.35
AnalystsBuy
Price Target16.41 (+15.4%)
Earnings DateFeb 16, 2022

About ACRE

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, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities. Ares Commercial Real Estate Corporation has elected and qualifi...

IndustryMortgage Real Estate Investment Trusts (REITs)
IPO DateApr 26, 2012
CEOBryan Donohoe
CountryUnited States
Stock ExchangeNYSE
Ticker SymbolACRE
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for ACRE stock is "Buy." The 12-month stock price forecast is 16.41, which is an increase of 15.40% from the latest price.

Price Target
$16.41
(15.40% upside)
Analyst Consensus: Buy

News

Has Ares Commercial Real Estate (ACRE) Outpaced Other Finance Stocks This Year?

Here is how Ares Commercial Real Estate (ACRE) and KKR & Co. Inc. (KKR) have performed compared to their sector so far this year.

4 weeks ago - Zacks Investment Research

Ares Commercial Real Estate Corporation Appoints Rebecca Parekh to its Board of Directors

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation announced today that it has appointed Rebecca Parekh to its Board of Directors, effective immediately. Ms. Parekh's appointment expands...

1 month ago - Business Wire

Ares Commercial Real Estate Corporation Adds New Borrowing Capacity to Support Further Growth

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the "Company") (NYSE: ACRE) announced today that it has entered into an agreement to increase its existing Term Loan from $60.0 millio...

2 months ago - Business Wire

Ares Commercial Real Estate (ACRE) Beats Q3 Earnings and Revenue Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 8.82% and 2.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the s...

2 months ago - Zacks Investment Research

Ares Commercial Real: Q3 Earnings Insights

Ares Commercial Real (NYSE:ACRE) reported its Q3 earnings results on Wednesday, November 3, 2021 at 08:00 AM. Here's what investors need to know about the announcement.

2 months ago - Benzinga

Ares Commercial Real Estate Corporation Reports Third Quarter 2021 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, reporte...

2 months ago - Business Wire

Ares Commercial Real Estate (ACRE) Reports Next Week: Wall Street Expects Earnings Growth

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.

2 months ago - Zacks Investment Research

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended Se...

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the "Company") (NYSE: ACRE) announced today that it will report earnings for the third quarter ended September 30, 2021 on Wednesday, ...

3 months ago - Business Wire

Ares Commercial Real Estate (ACRE) Surpasses Q2 Earnings Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 5.71% and -2.35%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Ares Commercial Real Estate: Q2 Earnings Insights

Shares of Ares Commercial Real (NYSE:ACRE) fell 0.9% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 15.62% year over year to $0.37, which beat the...

5 months ago - Benzinga

Ares Commercial Real Estate Corporation Reports Second Quarter 2021 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, reporte...

5 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended J...

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the second quarter ended June 30, 2021 on Friday, July 30, 2021 prior to ...

5 months ago - Business Wire

Ares Commercial (ACRE) to Raise $103M From Common Share Offering

Ares Commercial (ACRE) plans to utilize the net proceeds for share offering to fund investments in mortgage loans and other investments, and repay debt.

7 months ago - Zacks Investment Research

Why Shares of Ares Commercial Real Estate Corp Are Falling Today

The company announced the pricing on an issuance of common stock.

7 months ago - The Motley Fool

Ares Commercial Real Estate Corporation Announces Pricing of Offering of Common Stock

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), today announced the pricing of an underwritten public offering of 6,500,000 shares of common stock for tot...

7 months ago - Business Wire

Ares Commercial Real Estate Corporation Announces Launch of Offering of Common Stock

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE), today announced the launch of an underwritten public offering of 6,500,000 shares of common stock. The Com...

7 months ago - Business Wire

Ares Commercial Real Estate (ACRE) Q1 Earnings and Revenues Top Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 8.11% and 3.73%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Ares Commercial Real Estate Corporation Reports First Quarter 2021 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, reporte...

8 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended Ma...

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the first quarter ended March 31, 2021 on Tuesday, May 4, 2021 prior to t...

9 months ago - Business Wire

Ares Commercial Real Estate (ACRE) is a Great Momentum Stock: Should You Buy?

Does Ares Commercial Real Estate (ACRE) have what it takes to be a top stock pick for momentum investors? Let's find out.

10 months ago - Zacks Investment Research

7 Great Dividend Stocks Outside the Energy Sector

Dividend stocks come in many flavors although investors may associate them primarily with the energy sector. These seven stocks cross industries.

Other symbols:ABBVADMFTAIGLPIPMWMT
10 months ago - InvestorPlace

Ares Commercial Real Estate's (ACRE) Shares March Higher, Can It Continue?

As of late, it has definitely been a great time to be an investor in Ares Commercial Real Estate (ACRE).

10 months ago - Zacks Investment Research

All You Need to Know About Ares Commercial Real Estate (ACRE) Rating Upgrade to Buy

Ares Commercial Real Estate (ACRE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

10 months ago - Zacks Investment Research

Ares Commercial Real Estate (ACRE) Surpasses Q4 Earnings and Revenue Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 17.14% and 4.09%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the s...

11 months ago - Zacks Investment Research

Recap: Ares Commercial Q4 Earnings

Shares of Ares Commercial Real (NYSE:ACRE) moved higher by 2.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 10.81% over the past year to $0.41,...

11 months ago - Benzinga