Ares Commercial Real Estate Corporation (NYSE:ACRE) went up by 0.59% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the REIT – Mortgage giant went up by $8.56 to trade ended Monday trading at $8.51. This is up from the $8.51 price recorded on Thursday’s trading session. Thanks to this latest performance, ACRE is closer to the higher price 52-week target of $11.00 and further from the lowest price target of $9.00. Its performance from the start of the year has also been negative, with ACRE down by -45.96% year-to-date.
Ares Commercial Real Estate Corporation (ACRE) started the day trading at $8.69 and recorded an intraday high of $8.83. It also recorded an intraday low of $8.43 during Monday’s trading session. Ares Commercial Real Estate Corporation is a very active stock that recorded a trading volume that is less than -91.64% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 384978, which is less than -91.64 of the total average daily trading volume of 737.76K.
Ares Commercial Real Estate Corporation (NYSE:ACRE) 2020 Performance Impressive
The increase in ACRE’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ACRE currently stands at $17.72, which is higher than the current trading price of the stock by 51.69%. However, ACRE’s current trading price is -207.91% lower than the 52-week low price of $2.78. In terms of trading volume, Ares Commercial Real Estate Corporation currently experienced healthy participation during the last trading session. 384978 shares of Ares Commercial Real Estate Corporation were traded on the stock exchange on Monday, which is less than -91.64% of the 737.76K average trading volume of the stock.
The performance of the stock has been positive over the past year. ACRE’s performance over the past one year has seen it plunge by -42.70%, while the stock has gone down by -45.44% in the last six months. The quarterly performance of ACRE currently stands at 104.30%, and it is down by -11.66% in the last month. The only negative figure was from the weekly performance, which currently reads -6.35%. At the time of writing ACRE’s report, the company has a total market cap of $294.04M, making it one of the largest publicly-traded companies in the world.Ares Commercial Real Estate Corporation also has over 1200 employees all over the world.
ACRE Insider Activities
For Ares Commercial Real Estate Corporation, insiders hold 62.20% of all company shares. The insider transactions over the past six months are up by 3.60%. During that period, insiders bought 100,985 shares in 10 transactions. In that same period, insiders sold 25,000 of their shares in 1 transactions. After these transactions, insiders at Ares Commercial Real Estate Corporation now hold 3.1M shares, which is over 57.31% of the total company stocks. Institutional investors currently hold a large chunk of the ACRE shares, as they control 9.33% of the company’s total stock.
ACRE Fundamental Analysis
For Ares Commercial Real Estate Corporation, the stock’s diluted earnings per share (EPS) stands at 0.44. In the coming year, analysts expect the EPS to be 1.11. The EPS growth will up over the next five years to 5.85% after surging by 10.20% in the previous five years. In terms of revenue, Ares Commercial Real Estate Corporation’s quarterly sales (YOY) is growing at 0.24, which is lower than the average annual revenue of 10.20% over the past half a decade.
The Return on Investment (ROI) on Ares Commercial Real Estate Corporation’s stock currently stands at 2.10%, and it has a net profit margin of 7.60%. The operating margin of the company is 8.00%, and its gross margin is 51.40%.
ACRE Analysts Prediction
In June 30, 2020, several analysts reiterated their positions on the Ares Commercial Real Estate Corporation stock and predicted its performance to their investors. The analysts at Keefe Bruyette believe ACRE is still a Outperform and set the price target between $9 and $10.50. The Credit Suisse also has a Outperform rating for Ares Commercial Real Estate Corporation, predicting the stock price to stay between $15.50 and $16.
MLV & Co and Stifel Nicolaus also believe that Ares Commercial Real Estate Corporation’s stock is outperforming at the moment. ACRE received a positive rating from FBR & Co., which set a price target of $14-$14.75 for the stock.
At the moment, Ares Commercial Real Estate Corporation’s Total Debt to Equity ratio stands at 3.45, and they have a long-term Debt to Equity ratio of 3.45.
ACRE Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ACRE currently stands at -7.39%, while the SMA50 is 4.68%. The biggest one is the SMA200, which is currently reading -32.04% ahead of Monday’s trading session. The Relative Strength Index of this stock is 47.36, while its price to earnings ratio (P/E) is 19.28.