SEC Form ARS filed by Ares Commercial Real Estate Corporation
$ACRE
Real Estate Investment Trusts
Real Estate
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2024 | $7.50 → $7.00 | Equal Weight → Underweight | Wells Fargo |
| 7/19/2024 | Neutral | BTIG Research | |
| 3/4/2024 | $11.00 → $7.00 | Buy → Underperform | BofA Securities |
| 12/6/2023 | $10.50 | Neutral | UBS |
| 12/5/2023 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 9/13/2023 | $10.00 | Equal Weight | Wells Fargo |
| 8/18/2023 | Outperform → Mkt Perform | Raymond James | |
| 4/25/2023 | Buy → Neutral | BTIG Research |
BTIG analyst Thomas Catherwood assumes Ares Comml Real Est (NYSE:ACRE) with a Neutral rating.
Keefe, Bruyette & Woods analyst Jade Rahmani maintains Ares Comml Real Est (NYSE:ACRE) with a Market Perform and lowers the price target from $7.5 to $7.
Ares Comml Real Est (NYSE:ACRE) reported quarterly losses of $(0.62) per share which missed the analyst consensus estimate of $(0.23) by 169.57 percent. This is a 444.44 percent decrease over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $18.692 million which beat the analyst consensus estimate of $17.080 million by 9.44 percent. This is a 29.47 percent decrease over sales of $26.501 million the same period last year.
3 - Ares Commercial Real Estate Corp (0001529377) (Issuer)
4 - Ares Commercial Real Estate Corp (0001529377) (Issuer)
4 - Ares Commercial Real Estate Corp (0001529377) (Issuer)
Ares Commercial Real Estate Corporation announced today that it has appointed Rebecca Parekh to its Board of Directors, effective immediately. Ms. Parekh's appointment expands the Board from seven to eight members, including six independent board members. Ms. Parekh is the Co-Founder and Chief Executive Officer of The Well, a series of wellness facilities. Previously, she served as the Chief Operating Officer for Deepak Chopra Radical Well-Being, LLC. Prior to that, Ms. Parekh spent ten years at Deutsche Bank Securities, Inc., focused primarily on structured credit where she held various positions, including Head of the U.S. Private Institutional Client Group and Head of Cross Product Sale
8-K - Ares Commercial Real Estate Corp (0001529377) (Filer)
10-Q - Ares Commercial Real Estate Corp (0001529377) (Filer)
10-Q - Ares Commercial Real Estate Corp (0001529377) (Filer)
Wells Fargo downgraded Ares Commercial Real Estate from Equal Weight to Underweight and set a new price target of $7.00 from $7.50 previously
BTIG Research resumed coverage of Ares Commercial Real Estate with a rating of Neutral
BofA Securities downgraded Ares Commercial Real Estate from Buy to Underperform and set a new price target of $7.00 from $11.00 previously
Third quarter GAAP net income (loss) of $(5.9) million or $(0.11) per diluted common share and Distributable Earnings(1) of $3.7 million or $0.07 per diluted common share - Subsequent to three months ended September 30, 2024 - Declared fourth quarter 2024 dividend of $0.25 per common share Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles ("GAAP") net income (loss) of $(5.9) million or $(0.11) per diluted common share and Distributable Earnings(1) of $3.7 million or $0.07 per diluted common share for the third quarter of
Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that it will report earnings for the third quarter ended September 30, 2024 on November 7, 2024 prior to the opening of the New York Stock Exchange. Ares Commercial Real Estate Corporation will hold its webcast/conference call on the same day at 12:00 p.m. Eastern Time to discuss its third quarter ended September 30, 2024 financial results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.arescre.com. Please visit the website to test your connection before the we
Second quarter GAAP net income (loss) of $(6.1) million or $(0.11) per diluted common share and Distributable Earnings (Loss)(1) of $(6.6) million or $(0.12) per diluted common share - Subsequent to three months ended June 30, 2024 - Tae-Sik Yoon appointed to Chief Operating Officer; Jeff Gonzales appointed to Chief Financial Officer & Treasurer Declared third quarter 2024 dividend of $0.25 per common share Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles ("GAAP") net income (loss) of $(6.1) million or $(0.11) per di
SC 13G/A - Ares Commercial Real Estate Corp (0001529377) (Subject)
SC 13G/A - Ares Commercial Real Estate Corp (0001529377) (Subject)
SC 13G - Ares Commercial Real Estate Corp (0001529377) (Subject)
4 - Ares Commercial Real Estate Corp (0001529377) (Issuer)
Third quarter GAAP net income (loss) of $(5.9) million or $(0.11) per diluted common share and Distributable Earnings(1) of $3.7 million or $0.07 per diluted common share - Subsequent to three months ended September 30, 2024 - Declared fourth quarter 2024 dividend of $0.25 per common share Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles ("GAAP") net income (loss) of $(5.9) million or $(0.11) per diluted common share and Distributable Earnings(1) of $3.7 million or $0.07 per diluted common share for the third quarter of
Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that it will report earnings for the third quarter ended September 30, 2024 on November 7, 2024 prior to the opening of the New York Stock Exchange. Ares Commercial Real Estate Corporation will hold its webcast/conference call on the same day at 12:00 p.m. Eastern Time to discuss its third quarter ended September 30, 2024 financial results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.arescre.com. Please visit the website to test your connection before the we
Second quarter GAAP net income (loss) of $(6.1) million or $(0.11) per diluted common share and Distributable Earnings (Loss)(1) of $(6.6) million or $(0.12) per diluted common share - Subsequent to three months ended June 30, 2024 - Tae-Sik Yoon appointed to Chief Operating Officer; Jeff Gonzales appointed to Chief Financial Officer & Treasurer Declared third quarter 2024 dividend of $0.25 per common share Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles ("GAAP") net income (loss) of $(6.1) million or $(0.11) per di