Ares Commercial Real Estate Corp (ACRE) Review – Making Smarter Decisions

Ares Commercial Real Estate Corp (NYSE: ACRE) is -16.41% lower on its value in year-to-date trading and has touched a low of $7.51 and a high of $12.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACRE stock was last observed hovering at around $8.77 in the last trading session, with the day’s loss setting it -0.11%.

Currently trading at $8.66, the stock is -12.55% and -15.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -1.25% at the moment leaves the stock -11.99% off its SMA200. ACRE registered -28.84% loss for a year compared to 6-month loss of -17.45%. The firm has a 50-day simple moving average (SMA 50) of $16.68.

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The stock witnessed a -14.43% gain in the last 1 month and extending the period to 3 months gives it a -11.63%, and is -9.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.10% over the week and 2.73% over the month.

Ares Commercial Real Estate Corp (ACRE) has around 2550 employees, a market worth around $468.85M and $197.12M in sales. Current P/E ratio is 139.23 and Fwd P/E is 8.81. Profit margin for the company is 1.75%. Distance from 52-week low is 15.38% and -28.78% from its 52-week high. The company has generated returns on investments over the last 12 months (0.24%).

Ares Commercial Real Estate Corp quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $23.89M over the same period.The EPS is expected to shrink by -71.66% this year, but quarterly earnings will post -7.10% year-over-year. Quarterly sales are estimated to shrink -21.40% in year-over-year returns.

191 institutions hold shares in Ares Commercial Real Estate Corp (ACRE), with institutional investors hold 43.85% of the company’s shares. The shares outstanding are 54.44M, and float is at 50.79M with Short Float at 4.01%. Institutions hold 41.14% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 4.7 million shares valued at $47.73 million. The investor’s holdings represent 8.69% of the ACRE Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.75 million shares valued at $27.89 million to account for 5.08% of the shares outstanding. The other top investors are State Street Corporation which holds 1.22 million shares representing 2.25% and valued at over $12.37 million, while Geode Capital Management, LLC holds 2.01% of the shares totaling 1.09 million with a market value of $11.05 million.

Ares Commercial Real Estate Corp (ACRE) Insider Activity

A total of 0 insider transactions have happened at Ares Commercial Real Estate Corp (ACRE) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Donohoe Bryan Patrick, the company’s Chief Executive Officer. SEC filings show that Donohoe Bryan Patrick sold 18,868 shares of the company’s common stock on Jan 30 at a price of $10.32 per share for a total of $0.19 million. Following the sale, the insider now owns 0.2 million shares.

Ares Commercial Real Estate Corp disclosed in a document filed with the SEC on Jan 29 that FEINGOLD ANTON (Gen. Counsel VP and Secretary) sold a total of 5,890 shares of the company’s common stock. The trade occurred on Jan 29 and was made at $10.37 per share for $61105.0. Following the transaction, the insider now directly holds 68975.0 shares of the ACRE stock.