ACRE Stock Summary and Trading Ideas (Ares Comml Real Est | NYSE:ACRE)

Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. It operates in one segment namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.

Ares Comml Real Est trades on the NYSE stock market under the symbol ACRE.

As of October 4, 2024, ACRE stock price climbed to $6.79 with 404,664 million shares trading.

ACRE has a beta of 0.98, meaning it tends to be less sensitive to market movements. ACRE has a correlation of 0.15 to the broad based SPY ETF.

ACRE has a market cap of $370.10 million. This is considered a Small Cap stock.

Last quarter Ares Comml Real Est reported $17 million in Revenue and -$.12 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.24.

In the last 3 years, ACRE traded as high as $16.48 and as low as $6.36.

The top ETF exchange traded funds that ACRE belongs to (by Net Assets): KBWD, VTI, IWM, VXF, REM.

ACRE has underperformed the market in the last year with a price return of -11.2% while the SPY ETF gained +36.6%. However, in the short term, ACRE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.5% vs +4.2% return in SPY. But in the last 2 weeks, ACRE shares have been beat by the market, returning -4.5% compared to an SPY return of +0.8%.

ACRE support price is $6.62 and resistance is $6.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACRE shares will trade within this expected range on the day.