Meaningful positive changes in fundamentals have recently occurred for Ares Commercial Real Estate Corp (NYSE: ACRE): the stock’s power rating rose above 70, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for Ares Commercial Real Estate Corp (NYSE: ACRE): the stock’s recent price rise disrupted its longer term downtrend.
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
With future capital returns forecasted to be above 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ares Commercial Real Estate has a good Appreciation Score of 71 and a good Power Rating of 73, with the Positive Value Trend Rating the result.
Recent Price Action
On 1/3/24, Ares Commercial Real Estate Corp (NYSE: ACRE) stock declined by -2.6%, closing at $9.97. Trading volume in this decline was normal. The stock has declined -9.2% during the last week but has been strong relative to the market over the last nine months.
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