Ares Commercial Real Estate Corporation [ACRE] Stock Forecast

U.S. equity markets oscillated forcefully while interest rates plunged this week as contagion from a pair of mid-sized bank collapses spread to other lenders while authorities scrambled to contain the fallout. On brand with the "March Madness" theme this week, the S&P 500 seesawed between gains and losses in each session but ultimately ended the week higher by 1.1%.

I was excited to get back to the New York Stock Exchange yesterday. I'm especially mesmerized by the flashing tickers, and boy oh boy, has there been a lot of red this month – shares in REITs are down a whopping 9.7%.

Prior to February 28, 2023, readers mentioned 38 equities in recent comments on Arnold articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: ABT, MMM, PFE, CCAP, ACRE, CS, VFC, REFI, BRSP, and MITT, averaged 64.47% net gains from data collected 3/14/23.

Mortgage REITs have been slammed by the fallout of the ongoing regional banking crisis amid a resurgence of interest rate volatility and credit concerns, erasing their once-robust gains for 2023. Commercial mREITs' exposure to the troubled office sector has come into focus following a wave of mega-sized loan defaults from over-levered private owners. We examine these REITs' sector-by-sector exposure.

Ares Commercial Real Estate covered its dividend with distributable earnings in 4Q-22. Inflation uptick in 2023 could result in improved dividend coverage.

Ares Commercial reported record earnings for FY 2022. Dividends maintained for the 9th consecutive quarter.

U.S. equity markets were mixed on a choppy week as investors readjusted expectations for inflation and interest rates following data indicating an uptick in economic activity and persisting price pressures. Posting its first back-to-back weekly declines of the year, the S&P 500 slipped 0.2% this week, but other major benchmarks fared better. The Mid-Cap 400 and Small-Cap 600 both gained.

Ares Commercial is a quality commercial mortgage REIT backed by one of the biggest alternative asset managers out there. It's seeing 99% interest collection and is benefitting from higher interest rates.

Ares Commercial Real Estate Corporation (NYSE:ACRE ) Q4 2022 Earnings Conference Call February 15, 2023 12:00 PM ET Company Participants John Stilmar - Investor Relations Bryan Donohoe - Chief Executive Officer Tae-Sik Yoon - Chief Financial Officer Conference Call Participants Steve DeLaney - JMP Securities Jade Rahmani - KBW Rick Shane - JPMorgan Stephen Laws - Raymond James Eric Hagen - BTIG John Stilmar Good afternoon, and thank you for joining us on today's conference call. I'm joined by our CEO, Bryan Donohoe; and our CFO, Tae-Sik Yoon.

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 22.22% and 2.73%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Ares Commercial Real Estate Corporation is a US stock , located in New york of Ny and trading under the symbol ACRE

1 stock analysts have 1 predictions with a medium analyst target price of $16. The lowest prediction is $16 and the highest is $16

Ares Commercial Real Estate Corporation stock price is $8.62 today.

Yes, Ares Commercial Real Estate Corporation is a publicly traded company.