Ares Commercial Real Estate Corporation (ACRE) stock surged +0.35%, trading at $5.68 on NYSE, up from the previous close of $5.66. The stock opened at $5.56, fluctuating between $5.47 and $5.70 in the recent session.
Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities. The company has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was incorporated in 2011 and is based in New York, New York.
Employees | 1200 |
Beta | 1.5 |
Sales or Revenue | $192.08M |
5Y Sales Change% | -0.99% |
Fiscal Year Ends | December |
Sector | Real Estate |
Industry | REIT - Mortgage |
Ares Commercial Real Estate Corporation (NYSE: ACRE) stock price is $5.68 in the last trading session. During the trading session, ACRE stock reached the peak price of $5.70 while $5.47 was the lowest point it dropped to. The percentage change in ACRE stock occurred in the recent session was 0.35% while the dollar amount for the price change in ACRE stock was $0.02.
The NYSE listed ACRE is part of REIT - Mortgage industry that operates in the broader Real Estate sector. Ares Commercial Real Estate Corporation designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Mr. Anton Feingold
Gen. Counsel, Vice President & Sec.
Mr. William Stephen Benjamin
Partner, Head of Ares Real Estate & Chairman
Mr. David Roth CFA, J.D.
Pres
Mr. Andrew E. Holm
Partner
Mr. A. Wilson Lamont
Partner & Co-Head of European Real Estate Equity
Mr. John Ruane
Partner & Co-Head of European Real Estate Equity
Mr. Donald Haisch
Chief Accounting Officer
Mr. Bryan Patrick Donohoe
Chief Executive Officer
Mr. Tae-Sik Yoon
Chief Financial Officer & Treasurer
Mr. Howard C. Huang
Partner of Real Estate for Florida
ACRE's closing price is 6.57% higher than its 52-week low of $5.33 where as its distance from 52-week high of $9.24 is -38.53%.
Number of ACRE employees currently stands at 1,200.
Official Website of ACRE is: https://www.arescre.com
ACRE could be contacted at phone 212 750 7300 and can also be accessed through its website. ACRE operates from 245 Park Avenue, New York, NY 10167, United States.
ACRE stock volume for the day was 630.41K shares. The average number of ACRE shares traded daily for last 3 months was 595.48K.
The market value of ACRE currently stands at $309.80M with its latest stock price at $5.68 and 54.54M of its shares outstanding.
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