Previous Close | 14.67 |
Open | 14.75 |
Bid | 14.79 x 1000 |
Ask | 14.81 x 800 |
Day's Range | 14.66 - 14.82 |
52 Week Range | 13.48 - 16.98 |
Volume | |
Avg. Volume | 672,738 |
Market Cap | 805.144M |
Beta (5Y Monthly) | 1.22 |
PE Ratio (TTM) | 11.10 |
EPS (TTM) | 1.33 |
Earnings Date | Jul 28, 2022 - Aug 01, 2022 |
Forward Dividend & Yield | 1.32 (9.00%) |
Ex-Dividend Date | Jun 29, 2022 |
1y Target Est | 16.50 |
NEW YORK, May 18, 2022--Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE) announced today the pricing of an underwritten public offering of 7,000,000 shares of common stock for total estimated gross proceeds of approximately $104.7 million. The Company has also granted the underwriters of the offering an option to purchase up to 1,050,000 additional shares of common stock.
NEW YORK, May 17, 2022--Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE) announced today the launch of an underwritten public offering of 7,000,000 shares of common stock. The Company expects to grant to the underwriters of the offering an option to purchase up to 1,050,000 additional shares of common stock.
Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of -2.86% and 5.75%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?