Check out these key findings about Ares Commercial Real Estate Corp (ACRE)

With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. The 52-week range on ACRE shows that it touched its highest point at $12.16 and its lowest point at $7.51 during that stretch. It currently has a 1-year price target of $10.25. With its current market cap of 468.85 million, ACRE has annualized dividend of $1.36 while the current yield stands at 15.70%. Beta for the stock currently stands at 1.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACRE was down-trending over the past week, with a drop of -9.60%, but this was down by -14.43% over a month. Three-month performance dropped to -11.63% while six-month performance fell -17.45%. The stock lost -28.84% in the past year, while it has lost -16.41% so far this year. A look at the trailing 12-month EPS for ACRE yields 0.06 with Next year EPS estimates of 0.98. For the next quarter, that number is -0.43. This implies an EPS growth rate of -71.66% for this year and 123.77% for next year. EPS is expected to grow by 2.29% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.71%.


Float and Shares Shorts:

At present, 54.44 million ACRE shares are outstanding with a float of 50.79 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.03 million, which was 3.76% higher than short shares on Dec 14, 2023. In addition to Mr. Bryan Patrick Donohoe as the firm’s Chief Executive Officer, Mr. Tae-Sik Yoon serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 41.14% of ACRE’s outstanding shares, institutional investors have minority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACRE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ACRE analysts setting a high price target of $11.00 and a low target of $9.50, the average target price over the next 12 months is $10.25. Based on these targets, ACRE could surge 27.02% to reach the target high and rise by 9.7% to reach the target low. Reaching the average price target will result in a growth of 18.36% from current levels.

Summary of Insider Activity:

Insiders traded ACRE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 64,266 while 0 shares were sold.