Ares Commercial Real Estate Corp (NYSE:ACRE) price on Friday, March 21, fall -0.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.90.
A look at the stock’s price movement, the close in the last trading session was $4.92, moving within a range at $4.815 and $4.95. The beta value (5-Year monthly) was 1.627. Turning to its 52-week performance, $7.99 and $4.61 were the 52-week high and 52-week low respectively. Overall, ACRE moved -1.80% over the past month.
Ares Commercial Real Estate Corp’s market cap currently stands at around $268.80 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-11. The company has a Forward Dividend ratio of 1.00, with its dividend yield at 20.41%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 15.69M for the company’s revenue for the quarter, with a low and high estimate of 14M and 18M respectively. The average forecast suggests down to a -16.04% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 60.57M, representing a -13.04% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACRE is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend ACRE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ACRE’s current price about 1.30% and -7.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.23, while 7-day volatility ratio is 2.65% and 3.58% in the 30-day chart. Further, Ares Commercial Real Estate Corp (ACRE) has a beta value of 1.26, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $11.5, forecast between a low of $7 and high of $16. Looking at the price targets, the low is -42.86% off current price level while to achieve the yearly target high, price needs to move -226.53%. Nonetheless, investors will most likely welcome a -134.69% jump to $11.5 which is the analysts’ median price.
If we refocus on Ares Commercial Real Estate Corp (NYSE:ACRE), historical trading data shows that trading volumes averaged 0.49 over the past 10 days and 626.86K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.54 million shares.
The 6.99% of Ares Commercial Real Estate Corp’s shares are in the hands of company insiders while institutional holders own 42.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.51 million on 2025-02-28, giving us a short ratio of 2.01. The data shows that as of 2025-02-28 short interest in Ares Commercial Real Estate Corp (ACRE) stood at 282.99998 of shares outstanding, with shares short rising to 1.48 million registered in 2025-01-31. Current price change has pushed the stock -16.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ACRE stock continues to rise going into the next quarter.
