Wall Street is positive about Ares Commercial Real Estate Corp (ACRE). On average, analysts give ACRE a buy rating. The average target price is $ 14.667, which means analysts expect the stock to decline -1.37% over the next twelve months. This average ranking gives ACRE an analyst rating of 30, which is better than 30% of the stocks based on data compiled by Investor Watchers .
Why are analyst reviews important?
Fundamental studies of a company’s underlying health can be an extremely useful resource in making investment decisions. Analysts observe companies’ growth prospects and projected earnings for a comprehensive view of specific industries. This data enables traders to act before numbers are officially reported.
Investor Watchers takes the ratings from these analysts and percentile ranks these averages. This allows you to compare stocks in greater depth and detail than the usual buy / hold / sell ratings.
What happens to Ares Commercial Real Estate Corp stock today?
Ares Commercial Real Estate Corp (ACRE) stock is up 0.03% while the S&P 500 is down -0.41% on Thursday, July 15th at 3:12 pm. ACRE is $ 0.01 higher than its previous closing price of $ 14.87 on a volume of 353,479 shares. Over the past year, the S&P 500 is up 35.01% while the ACRE is up 65.22%. ACRE earned $ 1.62 per share for the past 12 months, which translates into a price-to-earnings ratio of 9.18. For the full stock report for the Ares Commercial Real Estate Corp stock, click here.