Market Insights: Ares Commercial Real Estate Corp (ACRE)’s Notable Drop of -2.58, Closing at 7.17

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As of close of business last night, Ares Commercial Real Estate Corp’s stock clocked out at $7.17, down -2.58% from its previous closing price of $7.36. In other words, the price has decreased by -$2.58 from its previous closing price. On the day, 0.47 million shares were traded. ACRE stock price reached its highest trading level at $7.35 during the session, while it also had its lowest trading level at $7.17.

Ratios:

To gain a deeper understanding of ACRE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.95. In the meantime, Its Debt-to-Equity ratio is 2.50 whereas as Long-Term Debt/Eq ratio is at 2.15.

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, Wells Fargo on September 20, 2024, Downgraded its rating to Underweight and sets its target price to $7 from $7.50 previously.

BofA Securities Downgraded its Buy to Underperform on March 04, 2024, whereas the target price for the stock was revised from $11 to $7.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 390899072 and an Enterprise Value of 1776162816. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.10 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 34.904.

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 $6.36. The 50-Day Moving Average of the stock is -0.84%, while the 200-Day Moving Average is calculated to be -8.56%.

Shares Statistics:

It appears that ACRE traded 485.79K shares on average per day over the past three months and 482940 shares per day over the past ten days. A total of 54.15M shares are outstanding, with a floating share count of 50.80M. Insiders hold about 6.83% of the company’s shares, while institutions hold 44.07% stake in the company. Shares short for ACRE as of 1724976000 were 1724927 with a Short Ratio of 3.39, compared to 1722384000 on 2138917. Therefore, it implies a Short% of Shares Outstanding of 1724927 and a Short% of Float of 3.25.

Dividends & Splits

With its trailing 12-month dividend rate of 1.16, ACRE has a forward annual dividend rate of 1.16. Against a Trailing Annual Dividend Yield of 0.15760869The stock’s 5-year Average Dividend Yield is 12.1.

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