Purchase Of Shares In Ares Commercial Real Estate Corporation (ACRE) By FEINGOLD ANTON

SNOW Stock
SNOW Stock

As of Wednesday close, Ares Commercial Real Estate Corporation’s (NYSE:ACRE) stock was up $0.19, moving up 1.56 percent to $12.38. The average number of shares traded per day over the past five days has been 478,080 shares. 5 times new highs have been achieved over the past 5 days, with a $0.39 gain in that time frame. In the last twenty days, the average volume was 553,840, while in the previous 50 days, it was 687,748.

Since last month, ACRE stock rose 5.09%. Shares of the company fell to $11.01 on 10/24/22, the lowest level in the past month. A 52-week high of $16.42 was reached on 04/18/22 after having rallying from a 52-week low of $9.99. Since the beginning of this year, ACRE’s stock price has dropped by -14.46% or -$2.16, and marked a new high 19 times. However, the stock has declined by -24.63% since its 52-week high.

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ACRE stock investors should be aware that Ares Commercial Real Estate Corporation (ACRE) stock had its last reported insider trading activity 230 days ago on Apr 08. FEINGOLD ANTON, the Gen. Counsel VP and Secretary of the company, disposed of 935 shares for $15.57 on Apr 08. It resulted in a $14,563 divestment by the insider. Benjamin William Stephen added 18,000 shares at an average price of $14.05 on Feb 23. The insider now owns 36,596 shares following the transaction. On Jan 18, Gen. Counsel VP and Secretary FEINGOLD ANTON sold 1,415 shares at $15.01 apiece. The transaction was valued at $21,239.

Valuation Metrics

Right now, Ares Commercial Real Estate Corporation (ACRE) has a P/E ratio of about 13.59. The stock’s beta is 1.35. Besides these, the trailing price-to-sales (P/S) ratio of 4.08, the price-to-book (PB) ratio of 0.88.

The latest dividend of $0.35 per share was paid out, which is 6.06% more than last year’s $0.33. On Wednesday November 2 2022, a $0.02 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.51, and the total debt-to-equity ratio was 2.51. On the profitability front, the trailing twelve-month gross margin is 55.50% percent. In the year ended June 29, operating margins totaled 26.90%. Based on annual data, ACRE earned $61.19 million in gross profit and brought in $102.07 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.30%. Return on equity (ROE) for the past 12 months was 6.00%.

In Ares Commercial Real Estate Corporation’s quarter-end financial report for June 29, it reported total debt of $847.7 million against cash and short-term investments of $2.51 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ACRE’s revenue rose 0.26% to $25.15 million during the quarter, while net income inched up to $27.27 million. While analysts expected Ares Commercial Real Estate Corporation to report $0.31 quarterly earnings, the actual figure was $0.2 per share, beating the consensus estimate by -35.50%. During the quarter, the company generated $18.5 million in EBITDA. The value of shareholders’ equity is $54.44 million.

Technical Picture

This quick technical analysis looks at Ares Commercial Real Estate Corporation’s (ACRE) price momentum. With a historical volatility rate of 25.52%, the RSI 9-day stood at 60.91% on 23 November.

With respect to its five-day moving average, the current Ares Commercial Real Estate Corporation price is up by +3.25% percent or $0.39. At present, ACRE shares trade +5.27% above its 20-day simple moving average and -0.96% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.64% below its SMA50 and -13.61% below its SMA200.

Stochastic coefficient K was 69.09% and Stochastic coefficient D was 57.03%, while ATR was 0.38. Given the Stochastic reading of 78.50% for the 14-day period, the RSI (14) reading has been calculated as 57.51%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 0.15.

Analyst Ratings

Ares Commercial Real Estate Corporation (ACRE) has been rated Buy by analysts. According to 0 brokerage firms, ACRE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ares Commercial Real Estate Corporation stock as buy, with 5 recommending it as overweight.


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