Ares Commercial Real Estate (ACRE) gains 1.90% in Light Trading on August 27
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ACRE – Market Data & News
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Today, Ares Commercial Real Estate Corp Inc (NYSE: ACRE) stock gained $ 0.29, up 1.90%. Ares Commercial Real Estate opened at $ 15.34 before trading between $ 15.65 and $ 15.34 throughout the Friday session. The activity caused Ares Commercial Real Estate’s market cap to jump to $ 732,758,389 at 299,444 shares – below its 30-day average of 505,802.
About Ares Commercial Real Estate Corp
Ares Commercial Real Estate Corporation is a specialty finance firm primarily engaged in the procurement and investment of commercial real estate loans and related investments. Via its national direct origination platform, the company offers a wide range of flexible and reliable financing solutions for commercial property owners and operators. The company issues senior mortgage, subordinated, mezzanine and preferred equity loans with a focus on providing value-added finance for a variety of properties in liquid markets in the United States. Ares Commercial Real Estate Corporation was selected and qualified as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation.
Visit Ares Commercial Real Estate Corp’s profile for more information.
Via the New York Stock Exchange
The New York Stock Exchange is the largest exchange in the world by market value at over $ 26 trillion. It is also a leader in initial public offerings of $ 82 billion in 2020, including six of the seven largest technology deals. 63% of SPAC’s 2020 revenue was raised on the NYSE, including the six largest deals.
For more information about Ares Commercial Real Estate Corp and to keep track of the latest updates from the company, please visit the company’s profile page here: Profile of Ares Commercial Real Estate Corp. For more news on the financial markets, see Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories in your inbox 5 days a week.
Sources: The chart is provided by TradingView based on 15 minute delayed prices. All other data will be provided by IEX Cloud starting at 8:05 p.m. ET on the day of publication.
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