Ares Commercial Real Estate (NYSE:ACRE - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $15.70 million for the quarter.
Ares Commercial Real Estate Stock Performance
Shares of NYSE:ACRE traded up $0.02 on Monday, hitting $4.16. 204,392 shares of the company were exchanged, compared to its average volume of 562,231. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.87 and a current ratio of 0.87. The company's 50 day moving average price is $4.32 and its two-hundred day moving average price is $5.59. Ares Commercial Real Estate has a one year low of $3.35 and a one year high of $7.99. The firm has a market capitalization of $227.93 million, a price-to-earnings ratio of -6.39 and a beta of 1.22.
Ares Commercial Real Estate Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 14.44%. Ares Commercial Real Estate's dividend payout ratio is -92.31%.
Analyst Ratings Changes
ACRE has been the topic of several recent research reports. UBS Group decreased their price objective on Ares Commercial Real Estate from $5.25 to $3.75 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on shares of Ares Commercial Real Estate from $6.00 to $5.50 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Keefe, Bruyette & Woods dropped their price objective on shares of Ares Commercial Real Estate from $5.50 to $4.50 and set a "market perform" rating for the company in a research note on Monday, April 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Ares Commercial Real Estate in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, Ares Commercial Real Estate presently has a consensus rating of "Hold" and an average price target of $5.19.
Read Our Latest Analysis on Ares Commercial Real Estate
About Ares Commercial Real Estate
(
Get Free Report)
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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