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The closing price of Ares Commercial Real Estate Corp (NYSE: ACRE) was $6.43 for the day, down -1.38% from the previous closing price of $6.52. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 0.83 million shares were traded. ACRE stock price reached its highest trading level at $6.65 during the session, while it also had its lowest trading level at $6.42.
Ratios:
Our analysis of ACRE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.48. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 349937312 and an Enterprise Value of 1856247424. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 1685.965.
Stock Price History:
The Beta on a monthly basis for ACRE is 1.46, which has changed by -0.28156424 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, ACRE has reached a high of $11.24, while it has fallen to a 52-week low of $6.51. The 50-Day Moving Average of the stock is -16.23%, while the 200-Day Moving Average is calculated to be -32.11%.
Shares Statistics:
ACRE traded an average of 768.84K shares per day over the past three months and 660510 shares per day over the past ten days. 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 43.14% stake in the company. Shares short for ACRE as of 1711584000 were 1772543 with a Short Ratio of 2.31, compared to 1709164800 on 2275166. Therefore, it implies a Short% of Shares Outstanding of 1772543 and a Short% of Float of 3.35.
Dividends & Splits
With its trailing 12-month dividend rate of 1.32, ACRE has a forward annual dividend rate of 1.24. The stock’s 5-year Average Dividend Yield is 11.37.
