Ares Commercial Real Estate (ACRE) News Today

$6.82
-0.01 (-0.15%)
(As of 05/17/2024 ET)
Ares Commercial Real Estate (NYSE:ACRE) PT Lowered to $7.00
Access Investment Management LLC Buys Shares of 119,390 Ares Commercial Real Estate Co. (NYSE:ACRE)
Access Investment Management LLC purchased a new position in Ares Commercial Real Estate Co. (NYSE:ACRE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 119,390 shares of the real estate i
Ares Commercial Real Estate (NYSE:ACRE) Posts Earnings Results, Misses Estimates By $0.34 EPS
Ares Commercial Real Estate (NYSE:ACRE - Get Free Report) issued its quarterly earnings data on Thursday. The real estate investment trust reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.34). The firm had revenue of $18.69 million for the quarter, compared to analysts' expectations of $43.77 million. Ares Commercial Real Estate had a positive return on equity of 8.00% and a negative net margin of 43.30%. During the same period in the previous year, the business posted $0.26 EPS.
Ares Commercial Real Estate Co. Plans Quarterly Dividend of $0.25 (NYSE:ACRE)
Ares Commercial Real Estate Co. (NYSE:ACRE) announced a quarterly dividend on Thursday, May 9th. Stockholders of record on Friday, June 28th will be given a dividend of 0.25 per share by the real estate investment trust on Tuesday, July 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.56%. The ex-dividend date of this dividend is Friday, June 28th.
Ares Commercial Real Estate (NYSE:ACRE) Price Target Cut to $7.00
Keefe, Bruyette & Woods reduced their price objective on shares of Ares Commercial Real Estate from $7.50 to $7.00 and set a "market perform" rating for the company in a research report on Friday.
Ares Commercial Real Estate Posts Wider Loss In Q1
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Ares Commercial Real Estate earnings preview: what to expect
Ares Commercial Real Estate Co. (NYSE:ACRE) Short Interest Update
Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,880,000 shares, a growth of 6.2% from the March 31st total of 1,770,000 shares. Based on an average daily volume of 769,300 shares, the short-interest ratio is currently 2.4 days.
Ares Commercial Real Estate Corp
Ares Commercial Real Estate (NYSE:ACRE) Given New $7.50 Price Target at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reduced their price objective on shares of Ares Commercial Real Estate from $8.00 to $7.50 and set a "market perform" rating for the company in a research note on Wednesday.
Analyst Ratings For Ares Comml Real Est
Bryan Patrick Donohoe Buys 3,509 Shares of Ares Commercial Real Estate Co. (NYSE:ACRE) Stock
Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) CEO Bryan Patrick Donohoe bought 3,509 shares of the company's stock in a transaction that occurred on Sunday, March 10th. The stock was purchased at an average price of $14.32 per share, for a total transaction of $50,248.88. Following the transaction, the chief executive officer now owns 41,259 shares of the company's stock, valued at $590,828.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Former Lockport hospital to go up for online auction
Short Interest in Ares Commercial Real Estate Co. (NYSE:ACRE) Grows By 8.6%
Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,280,000 shares, a growth of 8.6% from the January 31st total of 2,100,000 shares. Based on an average trading volume of 664,500 shares, the short-interest ratio is presently 3.4 days.
Ares Commercial Real Estate's (ACRE) Underperform Rating Reiterated at Bank of America
Bank of America reissued an "underperform" rating and issued a $7.00 price objective (down from $11.00) on shares of Ares Commercial Real Estate in a research note on Monday.
Ares Commercial: Dividend Cut, What Now?
Ares Commercial Real Estate (NYSE:ACRE) Price Target Lowered to $8.00 at JPMorgan Chase & Co.
JPMorgan Chase & Co. dropped their target price on Ares Commercial Real Estate from $9.50 to $8.00 and set a "neutral" rating on the stock in a report on Friday.
Ares Commercial Real Estate Co. (NYSE:ACRE) Announces Quarterly Dividend of $0.25
Ares Commercial Real Estate Co. (NYSE:ACRE) declared a quarterly dividend on Thursday, February 22nd. Investors of record on Thursday, March 28th will be paid a dividend of 0.25 per share by the real estate investment trust on Tuesday, April 16th. This represents a $1.00 annualized dividend and a yield of 12.84%. The ex-dividend date is Wednesday, March 27th.
Finalists for Best Real Estate Deals 2024 announced
Ares Commercial Real Estate (ACRE) Set to Announce Earnings on Thursday
Ares Commercial Real Estate (NYSE:ACRE) will be releasing its 12/31/2023 earnings on Thursday, February 22, Yahoo Finance reports.
Ares Commercial Real Estate Co. (NYSE:ACRE) Receives Consensus Recommendation of "Hold" from Analysts
Shares of Ares Commercial Real Estate Co. (NYSE:ACRE - Get Free Report) have earned an average recommendation of "Hold" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average 12-month pr
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Ares Commercial: Dividend Cut Highly Probable In 2024
Ares Commercial Real Estate Corporation
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This page (NYSE:ACRE) was last updated on 5/19/2024 by MarketBeat.com Staff

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