Ares Commercial Real Estate Corporation (NYSE:ACRE) traded today at a new 52-week high of $15.71. This new high was reached on below average trading volume as 66,000 shares traded hands, while the average 30-day volume is approximately 361,000 shares.
Based on a current price of $15.68, Ares Commercial Real Estate Corporation is currently 61.4% above its average consensus analyst price target of $6.05.
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.
Over the past year, Ares Commercial Real Estate Corporation has traded in a range of $7.82 to $15.71 and is now at $15.68, 100% above that low.
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