A share price of Ares Commercial Real Estate Corporation [ACRE] is currently trading at $12.38, up 1.56%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACRE shares have gain 3.25% over the last week, with a monthly amount glided 5.09%, and seem to be holding up well over a long-time horizon.
On 2, November 2022, Ares Commercial Real Estate Corporation Reports Third Quarter 2022 Results. In a post published today on Yahoo Finance, Third quarter GAAP net income of $0.6 million or $0.01 per diluted common share and Distributable Earnings(1) of $21.3 million or $0.39 per diluted common share.
From an analyst’s perspective:
Previously, BTIG Research started tracking the stock with Buy rating on February 03, 2021, and set its price target to $13.50. On November 20, 2020, downgrade downgraded it’s rating to Outperform. Keefe Bruyette upgraded its rating to a Outperform and increased its price target to $10.50 on June 30, 2020. Credit Suisse upgraded its rating to a Outperform and raised its price target to $16 on January 08, 2020. Raymond James upgraded its rating to Strong Buy for this stock on January 11, 2019. In a note dated October 09, 2018, BTIG Research initiated an Buy rating.
Ares Commercial Real Estate Corporation experienced fluctuations in its stock price throughout the past year between $9.99 and $16.42. Currently, Wall Street analysts expect the stock to reach $13.36 within the next 12 months. Ares Commercial Real Estate Corporation [NYSE: ACRE] shares were valued at $12.38 at the most recent close of the market. An investor can expect a potential return of 7.92% based on the average ACRE price forecast.
Analyzing the ACRE fundamentals
During the last quarter, Ares Commercial Real Estate Corporation [NYSE:ACRE] saw sales of 45.63 billion, an improvement of 14.30%. Gross Margin for this corporation currently stands at +80.93% with Operating Margin at +74.22%, Pretax Margin comes in at +40.21%, and Net Margin reading is +39.74%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.16 points at the first support level, and at 11.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.49, and for the 2nd resistance point, it is at 12.60.
Ares Commercial Real Estate Corporation [ACRE] reported earnings per share of $0.2 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.31/share, meaning a difference of -$0.11 and a surprise factor of -35.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.34 per share as compared to estimates of $0.36 per share, a difference of -$0.02 representing a surprise of -5.60%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.08, the price to book ratio is 1.01 and the P/E (TTM) ratio is 13.59.
Transactions by insiders
Recent insider trading involved FEINGOLD ANTON, Gen. Counsel VP and Secretary, that happened on Apr 08 when 935.0 shares were sold. Director, Benjamin William Stephen completed a deal on Feb 23 to buy 18000.0 shares. Meanwhile, Gen. Counsel VP and Secretary FEINGOLD ANTON sold 1415.0 shares on Jan 18.