Ares Commercial Real Estate Corp (NYSE:ACRE) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Having a price of $12.50, Ares Commercial Real Estate Corp (NYSE:ACRE) traded 0.32% higher on the day. The last closing price is up 3.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $12.56 and a 200-day moving average of $12.13. 118,926 shares of the stock traded hands, down from an average trading volume of 152,572
Zacks Investment Research has upgraded Ares Commercial Real Estate Corp (NYSE:ACRE) to Hold in a statement released on 10/05/2016.
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Ares Commercial Real Estate Corp has a price-earnings ratio of 11.15 with a one year low of $8.91 and a one year high of $13.07 The company’s market cap is currently $0.
About Ares Commercial Real Estate Corp (NYSE:ACRE)
Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking. Its target investments include senior loans, bridge loans, subordinated debt, preferred equity and other CRE investments. The Company is also engaged in the mortgage banking business through its subsidiary, ACRE Capital LLC (ACRE Capital). Its Principal Lending Business includes all business activities of the Company, which represents investments in real estate related loans and securities that are held for investment. In mortgage banking business, the Company directly originates long-term senior loans collateralized by multifamily and senior-living properties, and sells them to third parties pursuant to programs overseen by government agencies and government-sponsored enterprises.
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