Ares Commercial Real Estate Corporation

ACRE

US04013V1089

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
6.85 ^USD	+1.18%		+4.42%	-33.88%

Apr. 10	JPMorgan Trims Ares Commercial Real Estate's Price Target to $7 From $8, Maintains Neutral Rating	MT
Apr. 04	Ares Commercial Real Estate Corporation Announces Board Changes	CI

Ares Commercial Real Estate Corporation Declares Regular Cash Dividend for the Fourth Quarter of 2023, Payable on January 17, 2024

November 03, 2023 at 06:00 am EDT

On November 3, 2023, the Board of Directors of Ares Commercial Real Estate Corporation declared a regular cash dividend of $0.33 per common share for the fourth quarter of 2023. The fourth quarter 2023 dividend will be payable on January 17, 2024 to common stockholders of record as of December 29, 2023.

Latest news about Ares Commercial Real Estate Corporation

JPMorgan Trims Ares Commercial Real Estate's Price Target to $7 From $8, Maintains Neutral Rating	Apr. 10	MT
Ares Commercial Real Estate Corporation Announces Board Changes	Apr. 04	CI
UBS Adjusts Ares Commercial Real Estate Price Target to $8 From $10.50, Maintains Neutral Rating	Mar. 20	MT
BofA Securities Downgrades Ares Commercial Real Estate to Underperform From Buy, Adjusts Price Target to $7 From $11	Mar. 04	MT
Keefe, Bruyette & Woods Trims Price Target on Ares Commercial Real Estate to $8 From $10.25, Maintains Market Perform Rating	Feb. 26	MT
Transcript : Ares Commercial Real Estate Corporation, Q4 2023 Earnings Call, Feb 22, 2024	Feb. 22
North American Morning Briefing : Nvidia Ignites -2-	Feb. 22	DJ
Earnings Flash (ACRE) ARES COMMERCIAL REAL ESTATE Reports Q4 Revenue $17.6M, vs. Street Est of $23.9M	Feb. 22	MT
Ares Commercial Real Estate Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 22	CI
Ares Commercial Real Estate Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 22	CI
Ares Commercial Real Estate Corporation Declares Regular Cash Dividend for the First Quarter of 2024, Payable on April 16, 2024	Feb. 22	CI
KKR Mortgage REIT shares sink to 4-year low after dividend slash	Feb. 07	RE
UBS Initiates Coverage on Ares Commercial Real Estate With Neutral Rating, $10.50 Price Target	Dec. 06	MT
JMP Securities Downgrades Ares Commercial Real Estate to Market Perform From Market Outperform	Dec. 05	MT
Transcript : Ares Commercial Real Estate Corporation, Q3 2023 Earnings Call, Nov 03, 2023	Nov. 03
Tranche Update on Ares Commercial Real Estate Corporation's Equity Buyback Plan announced on July 29, 2022.	Nov. 03	CI
Tranche Update on Ares Commercial Real Estate Corporation's Equity Buyback Plan announced on August 2, 2023.	Nov. 03	CI
Ares Commercial Real Estate Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 03	CI
North American Morning Briefing : S&P 500 Futures -2-	Nov. 03	DJ
Earnings Flash (ACRE) ARES COMMERCIAL REAL ESTATE CORPORATION Reports Q3 Revenue $23.9M, vs. Street Est of $25.3M	Nov. 03	MT
Ares Commercial Real Estate Corporation Declares Regular Cash Dividend for the Fourth Quarter of 2023, Payable on January 17, 2024	Nov. 03	CI
JPMorgan Trims Ares Commercial Real Estate's Price Target to $9.50 From $10, Maintains Neutral Rating	23-10-24	MT
Transcript : Ares Commercial Real Estate Corporation Presents at Bank of America 2023 Global Real Estate Conference, Sep-13-2023 01:25 PM	23-09-13
Wells Fargo Initiates Coverage on Ares Commercial Real Estate With Equal Weight Rating, $10 Price Target	23-09-13	MT
Raymond James Downgrades Ares Commercial Real Estate to Market Perform From Outperform	23-08-18	MT

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Company Profile

Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through its segment, which is primarily focused on directly originating and managing a diversified portfolio of CRE debt-related investments for the Companyâs own account. The Companyâs target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential, and other commercial real estate properties, or by ownership interests therein. The Companyâs portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).

Sector

Specialized REITs

Calendar

2024-05-08 - Q1 2024 Earnings Release

Related indices

Russell 2000

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Income Statement Evolution

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Ratings for Ares Commercial Real Estate Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

6.85 USD

Average target price

7.5 USD

Spread / Average Target

+9.49%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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