Ares Commercial Real Estate Corporation (ACRE)

NYSE: ACRE · IEX Real-Time Price · USD
7.38
+0.01 (0.14%)
Mar 28, 2024, 1:37 PM EDT - Market open
0.14%
Market Cap 401.09M
Revenue (ttm) 92.93M
Net Income (ttm) -38.87M
Shares Out 54.42M
EPS (ttm) -0.72
PE Ratio n/a
Forward PE 106.98
Dividend $0.91 (12.33%)
Ex-Dividend Date Mar 27, 2024
Volume 178,586
Open 7.37
Previous Close 7.37
Day's Range 7.37 - 7.50
52-Week Range 7.15 - 11.24
Beta 1.45
Analysts Hold
Price Target 8.38 (+13.55%)
Earnings Date Apr 30, 2024

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... [Read more]

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

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for ACRE stock is "Hold." The 12-month stock price forecast is $8.38, which is an increase of 13.55% from the latest price.

Price Target
$8.38
(13.55% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter - Meridian (NASDAQ:MRBK), Ares Comml Real Est (NYSE:ACRE)

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: MRBKNYCBOPHC
5 weeks ago - Benzinga

Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2023 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, repor...

5 weeks ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ended December 31, 2023

NEW YORK, NY / ACCESSWIRE / February 12, 2024 / Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that it will report earnings for the fourth quarter and full year ended December 31,...

6 weeks ago - Accesswire

Ares Commercial Real Estate Corporation Announces Tax Reporting Information For Calendar Year 2023

NEW YORK, NY / ACCESSWIRE / January 31, 2024 / Ares Commercial Real Estate Corporation (NYSE:ACRE) (the "Company") today announced the 2023 tax treatment for the Company's common stock distributions (...

2 months ago - Accesswire

KBW Announces Index Rebalancing for Fourth-Quarter 2023

NEW YORK, Dec. 08, 2023 (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 F...

3 months ago - GlobeNewsWire

Ares Commercial Real Estate Corporation Reports Third Quarter 2023 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, repor...

5 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2023

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the third quarter ended September 30, 2023 on Friday, November 3, 2023 ...

6 months ago - Business Wire

Ares Commercial Real Estate Corporation to Present at the BofA 2023 Global Real Estate Conference

NEW YORK, NY / ACCESSWIRE / September 6, 2023 / Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that its Chief Executive Officer, Bryan Donohoe, and its Chief Financial Officer, Ta...

7 months ago - Accesswire

Ares Commercial Real Estate Corporation Reports Second Quarter 2023 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, repor...

8 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2023

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, 2023 on Wednesday, August 2, 2023 pri...

9 months ago - Business Wire

Ares Commercial Real Estate Corporation Reports First Quarter 2023 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, repor...

11 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2023

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, 2023 on Tuesday, May 2, 2023 prior to...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2022 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, repor...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Announces Tax Reporting Information for Calendar Year 2022

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company”) today announced the 2022 tax treatment for the Company's common stock distributions (CUSIP # 04013V-10...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ended December 31, 2022

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the fourth quarter and full year ended December 31, 2022 on Wednesday...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Reports Third Quarter 2022 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, repor...

1 year ago - Business Wire

2 Mortgage REITs With Soaring Yields And Short-Term Loans That Perform Better With Rising Interest Rates

There are two main classifications of real estate investment trusts (REITs): mortgage and equity. For the purpose of this article, we will focus on mortgage REITs.

Other symbols: STWD
1 year ago - Benzinga

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2022

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the third quarter ended September 30, 2022 on Wednesday, November 2, 20...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Reports Second Quarter 2022 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, repor...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2022

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, 2022 on Friday, July 29, 2022 prior t...

1 year ago - Business Wire

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) announced today the pricing of an underwritten public offering of 7,000,000 shares of common stock for to...

2 years 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) announced today the launch of an underwritten public offering of 7,000,000 shares of common stock. The Co...

2 years ago - Business Wire

Ares Commercial Real Estate Corporation Reports First Quarter 2022 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, repor...

2 years ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2022

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, 2022 on Tuesday, May 3, 2022 prior to...

2 years ago - Business Wire

Taconic Capital Advisors and HEI Hotels & Resorts Partner to Acquire Westchester Marriott From Ares Commercial Real Estate Corporation

NEW YORK--(BUSINESS WIRE)--Taconic Capital Advisors (“Taconic”), HEI Hotels & Resorts (“HEI”) and Ares Commercial Real Estate Corporation (“ACRE”) announced today that Taconic and HEI have partnered t...

2 years ago - Business Wire