Ares Commercial Real Estate Corp (NYSE: ACRE) is -20.54% lower on its value in year-to-date trading and has touched a low of $3.35 and a high of $7.99 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 $4.12 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $4.68, the stock is 20.70% and 7.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 13.59% at the moment leaves the stock -22.69% off its SMA200. ACRE registered -32.37% loss for a year compared to 6-month loss of -26.07%.
The stock witnessed a 23.16% gain in the last 1 month and extending the period to 3 months gives it a -20.14%, and is 14.99% up 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 4.15% over the week and 5.69% over the month.
Ares Commercial Real Estate Corp (ACRE) has around 3200 employees, a market worth around $256.73M and $92.05M in sales. Fwd P/E is 16.38. Profit margin for the company is -38.02%. Distance from 52-week low is 39.70% and -41.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.59%).
The EPS is expected to grow by 94.96% this year
The shares outstanding are 54.54M, and float is at 50.86M with Short Float at 3.59%.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.89 million shares valued at $32.53 million. The investor’s holdings represent 8.9882 of the ACRE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.9 million shares valued at $19.32 million to account for 5.3367 of the shares outstanding. The other top investors are INVESCO LTD. which holds 2.15 million shares representing 3.9525 and valued at over $14.31 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.3074 of the shares totaling 1.26 million with a market value of $8.35 million.
Ares Commercial Real Estate Corp (ACRE) Insider Activity
The most recent transaction is an insider sale by FEINGOLD ANTON, the company’s Gen. Counsel VP and Secretary. SEC filings show that FEINGOLD ANTON sold 7,615 shares of the company’s common stock on Jan 31 ’25 at a price of $5.68 per share for a total of $43263.0. Following the sale, the insider now owns 78360.0 shares.
Ares Commercial Real Estate Corp disclosed in a document filed with the SEC on Jan 31 ’25 that Gonzales Jeffrey Michael (CFO and Treasurer) sold a total of 4,020 shares of the company’s common stock. The trade occurred on Jan 31 ’25 and was made at $5.68 per share for $22839.0. Following the transaction, the insider now directly holds 50751.0 shares of the ACRE stock.
Still, SEC filings show that on Jan 31 ’25, Donohoe Bryan Patrick (Chief Executive Officer) disposed off 23,465 shares at an average price of $5.68 for $0.13 million. The insider now directly holds 218,949 shares of Ares Commercial Real Estate Corp (ACRE).
