Ares Commercial Real Estate Corp (NYSE: ACRE) closed the day trading at $7.78 up 0.26% from the previous closing price of $7.76. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 502851 shares were traded.
Ratios:
For a better understanding of ACRE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.05. In the meantime, Its Debt-to-Equity ratio is 2.58 whereas as Long-Term Debt/Eq ratio is at 2.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on March 04, 2024, Downgraded its rating to Underperform and sets its target price to $7 from $11 previously.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $10.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 30 ’24 when Donohoe Bryan Patrick sold 18,868 shares for $10.32 per share. The transaction valued at 194,669 led to the insider holds 197,414 shares of the business.
FEINGOLD ANTON sold 5,890 shares of ACRE for $61,105 on Jan 29 ’24. The Gen. Counsel VP and Secretary now owns 68,975 shares after completing the transaction at $10.37 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACRE now has a Market Capitalization of 423.41M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 19.51.
Stock Price History:
Over the past 52 weeks, ACRE has reached a high of $11.24, while it has fallen to a 52-week low of $7.15. The 50-Day Moving Average of the stock is 8.65, while the 200-Day Moving Average is calculated to be 9.72.
Shares Statistics:
Over the past 3-months, ACRE traded about 734.97K shares per day on average, while over the past 10 days, ACRE traded about 573.11k shares per day. A total of 54.15M shares are outstanding, with a floating share count of 51.07M. Insiders hold about 6.15% of the company’s shares, while institutions hold 43.48% stake in the company. Shares short for ACRE as of Feb 29, 2024 were 2.28M with a Short Ratio of 3.10, compared to 2.1M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.18% and a Short% of Float of 4.26%.
Dividends & Splits
ACRE’s forward annual dividend rate is 1.32, up from 1.32 a year ago. Against a Trailing Annual Dividend Yield of 17.01%, it implies a Forward Annual Dividend Yield of 12.85%. The stock’s 5-year Average Dividend Yield is 11.22.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of $0.22 and a low estimate of -$0.71, while EPS last year was -$0.12. The consensus estimate for the next quarter is $0.03, with high estimates of $0.15 and low estimates of -$0.27.
Analysts are recommending an EPS of between $0.64 and -$0.48 for the fiscal current year, implying an average EPS of $0.08. EPS for the following year is $0.8, with 4 analysts recommending between $0.86 and $0.73.
Revenue Estimates
6 analysts predict $17.08M in revenue for the current quarter. It ranges from a high estimate of $25.1M to a low estimate of $12M. As of the current estimate, Ares Commercial Real Estate Corp’s year-ago sales were $26.5M, an estimated decrease of -35.50% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $17.19M, a decrease of -31.20% over than the figure of -$35.50% in the same quarter last year. There is a high estimate of $24.3M for the next quarter, whereas the lowest estimate is $13M.
A total of 6 analysts have provided revenue estimates for ACRE’s current fiscal year. The highest revenue estimate was $98.4M, while the lowest revenue estimate was $50M, resulting in an average revenue estimate of $69.07M. In the same quarter a year ago, actual revenue was $88.96M, down -22.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $68.3M in the next fiscal year. The high estimate is $75.1M and the low estimate is $54M. The average revenue growth estimate for next year is down -1.10% from the average revenue estimate for this year.
