6.85

1.18% +0.08

Ares Commercial Real Estate Corp (ACRE)

Overview News Price History Option Chain Discussions Forecast Dividend History

Ares Commercial Real Estate Corp stock is currently priced at $6.85, with a 24-hour trading volume of 285.36K. It has seen a +1.18% increased in the last 24 hours and a -8.67% declined in the past month. The chart indicates a potential bullish trend, as the stock is above the $6.84 pivot point. If it approaches the $6.92 resistance level, significant changes may occur.

Previous Close:

$6.77

Open:

$6.79

24h Volume:

285.36K

Market Cap:

$372.79M

Revenue:

$81.43M

Net Income/Loss:

$-38.87M

P/E Ratio:

-68.50

EPS:

-0.1

Net Cash Flow:

$46.79M

1W Performance:

+4.42%

1M Performance:

-8.67%

6M Performance:

-24.31%

1Y Performance:

-16.36%

1D Range:

$6.787

$6.90

52W Range:

$6.36

$11.24

Ares Commercial Real Estate Corp Stock (ACRE) Company Profile

Name

Ares Commercial Real Estate Corp

Sector

Real Estate (265)

Industry

REIT - Mortgage (27)

Phone

212-750-7300

Address

245 Park Avenue, 42nd Floor, New York, NY

Employee

Twitter

Next Earnings Date

2024-05-22

Latest SEC Filings

ACRE's Discussions on Twitter

Ares Commercial Real Estate Corp Stock (ACRE) Upgrades & Downgrades

Date	Action	Analyst	Rating Change
Sep-13-23	Initiated	Wells Fargo	Equal Weight
Aug-18-23	Downgrade	Raymond James	Outperform → Mkt Perform
Apr-25-23	Downgrade	BTIG Research	Buy → Neutral
Mar-08-23	Downgrade	Keefe Bruyette	Outperform → Mkt Perform
Oct-31-22	Resumed	BofA Securities	Buy
Feb-03-21	Initiated	BTIG Research	Buy
Nov-20-20	Downgrade	Raymond James	Strong Buy → Outperform
Jun-30-20	Upgrade	Keefe Bruyette	Mkt Perform → Outperform
Jan-08-20	Upgrade	Credit Suisse	Neutral → Outperform
Jan-11-19	Upgrade	Raymond James	Outperform → Strong Buy
Oct-09-18	Initiated	BTIG Research	Buy
May-02-18	Upgrade	BofA/Merrill	Underperform → Buy
Dec-15-16	Downgrade	BofA/Merrill	Neutral → Underperform
Nov-22-16	Reiterated	FBR & Co.	Outperform
Mar-02-16	Reiterated	FBR Capital	Outperform
Jul-06-15	Upgrade	FBR Capital	Mkt Perform → Outperform
Apr-11-14	Initiated	FBR Capital	Mkt Perform
Nov-29-12	Initiated	MLV & Co	Buy
May-21-12	Initiated	Stifel Nicolaus	Buy

View All

Ares Commercial Real Estate Corp Stock (ACRE) Latest News

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Ares Commercial Real Estate Corp Stock (ACRE) Financials Data

Ares Commercial Real Estate Corp (ACRE) Revenue 2024

ACRE reported a revenue (TTM) of $81.43 million for the quarter ending December 31, 2023, a -25.32% decline year-over-year.

Ares Commercial Real Estate Corp (ACRE) Net Income 2024

ACRE net income (TTM) was -$38.87 million for the quarter ending December 31, 2023, a -230.48% decrease year-over-year.

Ares Commercial Real Estate Corp (ACRE) Cash Flow 2024

ACRE recorded a free cash flow (TTM) of $46.79 million for the quarter ending December 31, 2023, a -18.14% decrease year-over-year.

Ares Commercial Real Estate Corp (ACRE) Earnings per Share 2024

ACRE earnings per share (TTM) was -$0.72 for the quarter ending December 31, 2023, a -220.00% decline year-over-year.

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments. Ares Commercial Real Estate Corporation has elected and qualified to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes under the Internal Revenue Code of 1986. As a REIT, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was founded in 2011 and is headquartered in New York, New York.