On 11/7/24, Ares Commercial Real Estate Corp (NYSE: ACRE) stock enjoyed a major increase of 10.2%, closing at $7.15. Moreover, trading volume in this advance was exceptionally high at 278% of normal. The stock has been weak relative to the market over the last nine months but has risen 10.5% during the last week.
Current PriceTarget Research Rating
ACRE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Ares Commercial Real Estate has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ares Commercial Real Estate has a good Appreciation Score of 72 but a neutral Power Rating of 42, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment