Ares Commercial Real Estate Corporation (ACRE) Soars 1.69% on May 22

Equities Staff  |

Ares Commercial Real Estate Corporation (ACRE) had a good day on the market for Friday May 22 as shares jumped 1.69% to close at $7.20. About 174,841 shares traded hands on 1,771 trades for the day, compared with an average daily volume of n/a shares out of a total float of 33.44 million. After opening the trading day at $7.04, shares of Ares Commercial Real Estate Corporation stayed within a range of $7.24 to $6.85.

With today's gains, Ares Commercial Real Estate Corporation now has a market cap of $240.78 million. Shares of Ares Commercial Real Estate Corporation have been trading within a range of $17.72 and $2.78 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segments namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.

Ares Commercial Real Estate Corporation is based out of New York, NY and has some 1,200 employees. Its CEO is Bryan Patrick Donohoe.

For a complete fundamental analysis of Ares Commercial Real Estate Corporation, check out Equities.com’s Stock Valuation Analysis report for ACRE.

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Ares Commercial Real Estate Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Ares Commercial Real Estate Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: ACRE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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