How did Ares Commercial Real Estate Corp (ACRE) surprise investors with its report?

Ares Commercial Real Estate Corp [ACRE] stock is trading at $7.70, down -0.26%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACRE shares have gain 4.19% over the last week, with a monthly amount drifted -11.90%, and not seem to be holding up well over a long-time horizon.

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On 22, February 2024, Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Fourth quarter GAAP net income (loss) of $(39.4) million or $(0.73) per diluted common share and Distributable Earnings(1) of $10.8 million or $0.20 per diluted common share.

From an analyst’s perspective:

Ares Commercial Real Estate Corp [NYSE: ACRE] stock has seen the most recent analyst activity on March 04, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $7 from $11. Previously, UBS started tracking the stock with Neutral rating on December 06, 2023, and set its price target to $10.50. On December 05, 2023, downgrade downgraded it’s rating to Mkt Perform. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $10 on September 13, 2023. Raymond James downgraded its rating to a Mkt Perform. BTIG Research downgraded its rating to Neutral for this stock on April 25, 2023. In a note dated March 08, 2023, Keefe Bruyette downgraded an Mkt Perform rating on this stock but restated the target price of $12.50.

Ares Commercial Real Estate Corp [ACRE] stock has fluctuated between $7.15 and $11.24 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Ares Commercial Real Estate Corp [NYSE: ACRE] shares were valued at $7.70 at the most recent close of the market. An investor can expect a potential return of 107.79% based on the average ACRE price forecast.

Analyzing the ACRE fundamentals

Ares Commercial Real Estate Corp [NYSE:ACRE] reported sales of 192.08M for the trailing twelve months, which represents a drop of -9.60%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.06 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.58.

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 7.65 points at the first support level, and at 7.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.79, and for the 2nd resistance point, it is at 7.88.

Ares Commercial Real Estate Corp [ACRE] reported earnings per share of -$0.73 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of -$0.72 and a surprise factor of -7,200.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.17 per share as compared to estimates of $0.19 per share, a difference of -$0.02 representing a surprise of -10.50%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 0.67.

Transactions by insiders

Recent insider trading involved Donohoe Bryan Patrick, Chief Executive Officer, that happened on Jan 30 ’24 when 18868.0 shares were sold. Gen. Counsel VP and Secretary, FEINGOLD ANTON completed a deal on Jan 29 ’24 to sell 5890.0 shares.

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