|Bid||14.53 x 1400|
|Ask||14.54 x 1400|
|Day's Range||14.45 - 15.39|
|52 Week Range||7.82 - 16.98|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||8.95|
|Earnings Date||Aug 04, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||1.32 (7.85%)|
|Ex-Dividend Date||Jun 29, 2021|
|1y Target Est||16.00|
Shares of the specialty finance company and real estate investment trust (REIT) Ares Commercial Real Estate Corp (NYSE: ACRE) have fallen nearly 10% today as of 2:45 p.m. EDT. The company earlier in the day announced the pricing on a new issuance of common stock. Ares priced 6.5 million shares of common stock for total gross proceeds of roughly $102.8 million, with the offering expected to close around June 22.
Ares Commercial Real Estate Corporation (ACRE) announced the pricing of 6.5 million shares of its common stock for total gross proceeds of $102.8 million. Ares Commercial Real Estate is a specialty finance company that originates and invests in commercial real estate loans and related investments. The company gave the underwriters a 30-day option to purchase up to an additional 0.975 million shares of ACRE’s common stock. The offering comes after the stock spiked more than 47.6% over the past ye
NEW YORK, Jun 18, 2021--Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE), today announced the pricing of an underwritten public offering of 6,500,000 shares of common stock for total estimated gross proceeds of approximately $102.8 million.