Ares Commercial Real Estate Corporation (ACRE)

Market Cap	557.11M
Revenue (ttm)	105.78M
Net Income (ttm)	3.46M
Shares Out	54.14M
EPS (ttm)	0.06
PE Ratio	168.00
Forward PE	16.84
Dividend	$1.32 (13.10%)
Ex-Dividend Date	Dec 28, 2023

Volume	432,597
Open	10.06
Previous Close	10.29
Day's Range	10.02 - 10.21
52-Week Range	7.52 - 12.75
Beta	1.48
Analysts	Hold
Price Target	9.50 (-5.75%)
Earnings Date	Nov 3, 2023

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 and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities. It has elected and qualified to be taxed as a real estate investment trust for the U...

• Industry: REIT - Mortgage
• Sector: Real Estate
• IPO Date: Apr 26, 2012
• Employees: 1,200
• Stock Exchange: NYSE
• Ticker Symbol: ACRE

Financial Performance

In 2022, ACRE's revenue was $106.85 million, an increase of 4.68% compared to the previous year's $102.07 million. Earnings were $29.79 million, a decrease of -50.74%.

Analyst Forecast

According to 4 analysts, the average rating for ACRE stock is "Hold." The 12-month stock price forecast is $9.5, which is a decrease of -5.75% from the latest price.

Price Target

$9.5

(-5.75% downside)

Analyst Consensus: Hold