|Bid||7.16 x 800|
|Ask||7.50 x 1000|
|Day's Range||6.85 - 7.24|
|52 Week Range||2.78 - 17.72|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||19.30|
|Earnings Date||Jul. 24, 2020 - Jul. 28, 2020|
|Forward Dividend & Yield||1.32 (18.64%)|
|Ex-Dividend Date||Mar. 30, 2020|
|1y Target Est||9.75|
Before we begin, I want to remind everyone that comments made during the course of this conference call and webcast and the accompanying documents contain forward-looking statements and are subject to risks and uncertainties. Many of these forward-looking statements can be identified by the use of words such as anticipates, believes, expects, intends, will, should, may and similar expressions. The Company's actual results could differ materially from those expressed in the forward-looking statements as a result of a number of factors including those listed in its SEC filings.
Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of -3.03% and 8.44%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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 loss of $17.3 million or $0.54 per diluted common share and Core Earnings(1) of $10.3 million or $0.32 per diluted common share for the first quarter of 2020.
Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will release financial results for the first quarter ended March 31, 2020 on Friday, May 8, 2020 prior to the opening of the New York Stock Exchange. The Company invites all interested persons to attend its webcast/conference call at 1:00 p.m. (Eastern Time) on the same day to discuss its first quarter ended March 31, 2020 financial results.
Ares Commercial Real Estate (ACRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ares Commercial Real Estate Corporation (the "Company") (NYSE: ACRE), today announced that due to the emerging public health impact of the COVID-19 outbreak, the Company has changed the format of its 2020 Annual Meeting of Shareholders from a physical in-person meeting to a virtual webcast.
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