NYSE:ACREAres Commercial Real Estate Stock Price, Forecast & News

Ares Commercial Real Estate's stock was trading at $13.57 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ACRE stock has decreased by 25.3% and is now trading at $10.14. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Commercial Real Estate in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ares Commercial Real Estate.

Ares Commercial Real Estate is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Ares Commercial Real Estate.

Ares Commercial Real Estate Corp (NYSE:ACRE) released its quarterly earnings results on Thursday, February, 20th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.04. The real estate investment trust earned $28.54 million during the quarter. Ares Commercial Real Estate had a net margin of 9.46% and a return on equity of 9.18%. View Ares Commercial Real Estate's earnings history.

Ares Commercial Real Estate announced a quarterly dividend on Friday, February 21st. Investors of record on Tuesday, March 31st will be given a dividend of $0.33 per share on Wednesday, April 15th. This represents a $1.32 annualized dividend and a dividend yield of 13.02%. The ex-dividend date of this dividend is Monday, March 30th. View Ares Commercial Real Estate's dividend history.

4 analysts have issued twelve-month target prices for Ares Commercial Real Estate's stock. Their forecasts range from $9.00 to $16.50. On average, they expect Ares Commercial Real Estate's share price to reach $11.63 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price. View analysts' price targets for Ares Commercial Real Estate.

Headlines about ACRE stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ares Commercial Real Estate earned a daily sentiment score of -1.5 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutAres Commercial Real Estate.

Some companies that are related to Ares Commercial Real Estate include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), CHIMERA INVT CO/SH NEW (CIM), Apollo Commercial Real Est. Finance (ARI), Two Harbors Investment (TWO), PennyMac Mortgage Investment Trust (PMT), Colony Capital (CLNY), MFA FINL INC/SH (MFA), NY MTG TR INC/SH (NYMT), Redwood Trust (RWT), Invesco Mortgage Capital (IVR), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO) and Ready Capital (RC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Commercial Real Estate investors own include Twitter (TWTR), Energy Transfer LP Unit (ET), AGNC Investment (AGNC), New Residential Investment (NRZ), CBL & Associates Properties (CBL), NGL Energy Partners (NGL), Arlington Asset Investment (AI), NY MTG TR INC/SH (NYMT), Ares Capital (ARCC) and Prospect Capital (PSEC).

Ares Commercial Real Estate trades on the New York Stock Exchange (NYSE) under the ticker symbol "ACRE."

Ares Commercial Real Estate's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.91%), Acadian Asset Management LLC (3.05%), State Street Corp (2.68%), Wolverine Asset Management LLC (2.54%), Geode Capital Management LLC (1.36%) and Greenwich Investment Management Inc. (1.01%). Company insiders that own Ares Commercial Real Estate stock include Anton Feingold, James Alan Henderson, Michael J Arougheti, Rand Scott April and William Stephen Benjamin. View institutional ownership trends for Ares Commercial Real Estate.

ACRE stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Wells Fargo & Company MN, UBS Group AG, Thrivent Financial for Lutherans, Acadian Asset Management LLC, Navellier & Associates Inc, SG Americas Securities LLC, and Voloridge Investment Management LLC. View insider buying and selling activity for Ares Commercial Real Estate.

ACRE stock was bought by a variety of institutional investors in the last quarter, including Wolverine Asset Management LLC, BlackRock Inc., Two Sigma Advisers LP, Two Sigma Investments LP, WINTON GROUP Ltd, Greenwich Investment Management Inc., Geode Capital Management LLC, and Aigen Investment Management LP. Company insiders that have bought Ares Commercial Real Estate stock in the last two years include Anton Feingold, Michael J Arougheti, Rand Scott April, and William Stephen Benjamin. View insider buying and selling activity for Ares Commercial Real Estate.

Shares of ACRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ACRE stock can currently be purchased for approximately $10.14.

Ares Commercial Real Estate has a market capitalization of $339.08 million and generates $114.78 million in revenue each year. The real estate investment trust earns $36.99 million in net income (profit) each year or $1.34 on an earnings per share basis. Ares Commercial Real Estate employs 1,200 workers across the globe.

The official website for Ares Commercial Real Estate is www.arescre.com.

Ares Commercial Real Estate's mailing address is 245 PARK AVENUE 42ND FLOOR, NEW YORK NY, 10167. The real estate investment trust can be reached via phone at 212-750-7300 or via email at [email protected]