Ares Commercial Real Estate Corp (ACRE)’s Trend Down, Especially After Forming a Double Bottom

September 17, 2017 - By Migdalia James

Investors sentiment decreased to 1.23 in 2016 Q4. Its down 0.57, from 1.8 in 2016Q3. It dropped, as 11 investors sold Ares Commercial Real Estate Corp shares while 37 reduced holdings. 20 funds opened positions while 39 raised stakes. 18.18 million shares or 1.53% more from 17.90 million shares in 2016Q3 were reported.
Parametric Associate Ltd Company has 0% invested in Ares Commercial Real Estate Corp (NYSE:ACRE). California State Teachers Retirement System, a California-based fund reported 55,267 shares. Gsa Prtn Llp, a United Kingdom-based fund reported 214,878 shares. Bancshares Of Montreal Can invested in 0% or 70,000 shares. Signia Capital Mgmt Ltd Liability Company reported 85,459 shares stake. Allianz Asset Ag reported 248,623 shares. Schwab Charles Investment Management Inc accumulated 41,900 shares. Campbell And Com Invest Adviser owns 15,347 shares for 0.65% of their portfolio. California Pub Employees Retirement holds 0% or 24,400 shares in its portfolio. Nuveen Asset Management Ltd Limited Liability Company holds 0.01% or 78,713 shares in its portfolio. Blackrock Institutional Tru Com Na holds 0% of its portfolio in Ares Commercial Real Estate Corp (NYSE:ACRE) for 1.04M shares. Hillsdale Invest Management Inc stated it has 40,300 shares or 0.12% of all its holdings. Citadel Advisors Ltd Liability Com has invested 0% of its portfolio in Ares Commercial Real Estate Corp (NYSE:ACRE). Prudential Financial Inc stated it has 89,730 shares or 0% of all its holdings. Royal Natl Bank Of Canada holds 0% or 49,781 shares in its portfolio.

Since May 8, 2017, it had 2 insider buys, and 0 insider sales for $525,029 activity. Arougheti Michael J bought $394,664 worth of stock or 30,000 shares. On Wednesday, May 10 Rosen Robert L bought $130,365 worth of Ares Commercial Real Estate Corp (NYSE:ACRE) or 10,000 shares.

The chart of Ares Commercial Real Estate Corp (ACRE) shows a double bottom with $11.96 target or 8.00 % below today’s $13.00 share price. The 8 months chart pattern indicates high risk for the $371.57M company. It was reported on Sep, 17 by Finviz.com. If the $11.96 price target is reached, the company will be worth $29.73M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.46% or $0.06 on September 15, reaching $13. About 365,228 shares traded or 237.65% up from the average. Ares Commercial Real Estate Corp (NYSE:ACRE) has risen 14.17% since September 17, 2016 and is uptrending. It has underperformed by 2.53% the S&P500.

Analysts expect Ares Commercial Real Estate Corp (NYSE:ACRE) to report $0.27 EPS on November, 2.They anticipate $0.04 EPS change or 12.90 % from last quarter’s $0.31 EPS. ACRE’s profit would be $7.72 million giving it 12.04 P/E if the $0.27 EPS is correct. After having $0.24 EPS previously, Ares Commercial Real Estate Corp’s analysts see 12.50 % EPS growth.

Ares Commercial Real Estate Corp (NYSE:ACRE) Ratings Coverage

Among 7 analysts covering Ares Commercial Real Estate (NYSE:ACRE), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Ares Commercial Real Estate had 12 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Ares Commercial Real Estate Corp (NYSE:ACRE) earned “Underperform” rating by Bank of America on Thursday, December 15. The rating was maintained by Keefe Bruyette & Woods on Thursday, August 17 with “Hold”. The stock has “Market Perform” rating by Keefe Bruyette & Woods on Friday, August 5. JMP Securities maintained Ares Commercial Real Estate Corp (NYSE:ACRE) on Monday, August 7 with “Market Outperform” rating. FBR Capital maintained Ares Commercial Real Estate Corp (NYSE:ACRE) rating on Tuesday, November 22. FBR Capital has “Outperform” rating and $14.75 target. The firm has “Hold” rating given on Wednesday, June 7 by Keefe Bruyette & Woods. The rating was maintained by Citigroup with “Buy” on Thursday, August 11.

More notable recent Ares Commercial Real Estate Corp (NYSE:ACRE) news were published by: Businesswire.com which released: “Ares Commercial Real Estate Corporation Closes the Sale of Its Mortgage …” on October 03, 2016, also Marketwatch.com with their article: “13.00” published on August 06, 2011, Pehub.com published: “Sasidharan joins Ares Commercial Real Estate” on September 07, 2017. More interesting news about Ares Commercial Real Estate Corp (NYSE:ACRE) were released by: Businesswire.com and their article: “Ares Commercial Real Estate Corporation to Sell Its Mortgage Banking …” published on June 29, 2016 as well as Seekingalpha.com‘s news article titled: “Ares Commercial Real Estate’s (ACRE) Q2 2017 Results – Earnings Call Transcript” with publication date: August 07, 2017.

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