10-May-2024
TipRanks (Fri, 10-May 5:15 AM ET)
TipRanks (Fri, 10-May 1:40 AM ET)
Analysts Are Neutral on These Real Estate Stocks: W. P. Carey Inc. (WPC), Ares Commercial (ACRE)
TipRanks (Thu, 9-May 3:10 PM ET)
Ares Commercial Real Estate declares $0.25 dividend
Seeking Alpha News (Thu, 9-May 11:13 AM ET)
Ares Commercial Real Estate Q1 results weaken amid loan resolution progress
Seeking Alpha News (Thu, 9-May 9:17 AM ET)
Ares Commercial Real Estate Q1 Financial Performance Snapshot
TipRanks (Thu, 9-May 6:12 AM ET)
Seeking Alpha News (Thu, 9-May 6:01 AM ET)
Ares Commercial Real Estate Corporation Reports First Quarter 2024 Results
Business Wire (Thu, 9-May 6:00 AM ET)
Notable earnings before Thursday's open
Seeking Alpha News (Wed, 8-May 12:34 PM ET)
Ares Commercial Real Estate Q1 2024 Earnings Preview
Seeking Alpha News (Wed, 8-May 12:07 PM ET)
Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. It operates in one segment namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.
Ares Comml Real Est trades on the NYSE stock market under the symbol ACRE.
As of May 10, 2024, ACRE stock price climbed to $6.91 with 543,913 million shares trading.
ACRE has a beta of 1.39, meaning it tends to be more sensitive to market movements. ACRE has a correlation of 0.29 to the broad based SPY ETF.
ACRE has a market cap of $376.64 million. This is considered a Small Cap stock.
Last quarter Ares Comml Real Est reported $19 million in Revenue and -$.62 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.47.
In the last 3 years, ACRE stock traded as high as $16.98 and as low as $6.36.
The top ETF exchange traded funds that ACRE belongs to (by Net Assets): VTI, KBWD, IWM, VXF, REM.
ACRE has underperformed the market in the last year with a price return of -0.1% while the SPY ETF gained +27.8%. ACRE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.8% and +0.9%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
ACRE support price is $6.63 and resistance is $6.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACRE stock will trade within this expected range on the day.