Ares Commercial Real Estate Corp. (ACRE)
| Market Cap | 722.89M |
| Revenue (ttm) | 88.33M |
| Net Income (ttm) | 62.69M |
| Shares Out | 41.01M |
| EPS (ttm) | 1.75 |
| PE Ratio | 8.78 |
| Forward PE | 10.24 |
| Dividend | $1.32 (8.58%) |
| Ex-Dividend Date | Sep 29, 2021 |
| Volume | 1,571,872 |
| Open | 15.52 |
| Previous Close | 15.55 |
| Day's Range | 15.36 - 15.65 |
| 52-Week Range | 8.18 - 16.96 |
| Beta | 1.37 |
| Analysts | Buy |
| Price Target | 16.25 (+5.7%) |
| Est. Earnings Date | Oct 28, 2021 |
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...
Financial Performance
In 2020, ACRE's revenue was $82.70 million, an increase of 7.04% compared to the previous year's $77.26 million. Earnings were $21.84 million, a decrease of -40.96%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for ACRE stock is "Buy." The 12-month stock price forecast is 16.25, which is an increase of 5.66% from the latest price.
News
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?
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...
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...
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 ...
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.
Why Shares of Ares Commercial Real Estate Corp Are Falling Today
The company announced the pricing on an issuance of common stock.
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...
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...
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?
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...
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...
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.
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 7,000,000 shares of common stock. The Com...
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).
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.
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...
Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2020 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...
Ares Commercial Real Estate Corporation Closes $667 Million CRE CLO
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company” or “ACRE”) announced today that the Company, through wholly owned indirect subsidiaries, closed an approxim...
Ares Commercial Real Estate Corporation Announces Tax Reporting Information for Calendar Year 2020
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company”) today announced the 2020 tax treatment for the Company's common stock distributions (CUSIP # 04013V-10-8)....
Ares Commercial Real Estate Corporation Schedules Earnings Release for the Fourth Quarter and Full Year Ended Decembe...
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2020 on Thu...
Ares Commercial Real Estate Corporation: This mREIT Yielding 10% Is Fairly Valued If An Old Sin Is Forgiven
ACRE's conservative portfolio and leverage positioned it very well to weather the COVID-19 impact to its asset base. ACRE's portfolio is 94% senior secured loans, and it pays an effective 3.8% on its li...
Ares Commercial Real Estate Corporation Declares Fourth Quarter 2020 Dividend
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (“ACRE”) (NYSE:ACRE) announced today that it declared a fourth quarter 2020 cash dividend of $0.33 per common share. The dividend is pa...
Ares Commercial Real Estate (ACRE) Upgraded to Strong Buy: Here's What You Should Know
Ares Commercial Real Estate (ACRE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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