Ares Commercial Real Estate Co. (NYSE:ACRE – Get Free Report) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.25 per share by the real estate investment trust on Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 13.67%. The ex-dividend date is Monday, September 30th.
Ares Commercial Real Estate has a payout ratio of 156.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ares Commercial Real Estate to earn ($0.32) per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of -312.5%.
Ares Commercial Real Estate Price Performance
Shares of NYSE:ACRE opened at $7.32 on Friday. The company has a market cap of $398.72 million, a PE ratio of -8.81 and a beta of 1.45. Ares Commercial Real Estate has a fifty-two week low of $6.36 and a fifty-two week high of $11.24. The firm has a 50-day simple moving average of $7.20 and a 200 day simple moving average of $7.10. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.32.
Analyst Upgrades and Downgrades
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Ares Commercial Real Estate Company Profile
Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities.
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