Ares Commercial Real Estate Corp (NYSE: ACRE) has benefited from notable positive changes in investment behavior: positive upside/downside volume developed.
Ares Commercial Real Estate Corp (NYSE: ACRE) has benefited from notable positive changes in fundamentals: the stock’s power rating rose above 70, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ACRE is expected to continue to be a modest Value Builder.
Ares Commercial Real Estate has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Ares Commercial Real Estate has a slightly positive Appreciation Score of 70 and a good Power Rating of 74, resulting in the Positive Value Trend Rating.
Recent Price Action
Ares Commercial Real Estate Corp (NYSE: ACRE) stock rose slightly by 0.10% on 12/12/23. The stock closed at $10.38. Moreover, above average trading volume at 138% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 0.9% during the last week.
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