Ares Commercial Real Estate Corporation (NYSE:ACRE) Declares Quarterly Dividend of $0.15

Key Points

• Ares Commercial Real Estate Corporation has declared a quarterly dividend of $0.15 per share, with payment scheduled for October 15th to stockholders of record on September 30th, resulting in an annualized dividend yield of 14.6%.
• The company has a high dividend payout ratio of 260.9%, indicating that it is currently relying on its balance sheet to cover dividend payments rather than earnings.
• Analyst ratings for Ares Commercial Real Estate show a consensus rating of "Hold" with a target price averaging $5.58, as multiple analysts have recently adjusted their price targets upwards.

Ares Commercial Real Estate Corporation (NYSE:ACRE - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.15 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend is Tuesday, September 30th.

Ares Commercial Real Estate has a dividend payout ratio of 260.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Ares Commercial Real Estate Stock Down 2.1%

ACRE traded down $0.10 during trading on Friday, reaching $4.36. 508,427 shares of the company's stock were exchanged, compared to its average volume of 452,519. Ares Commercial Real Estate has a fifty-two week low of $3.35 and a fifty-two week high of $7.83. The business has a 50 day moving average price of $4.71 and a 200 day moving average price of $4.70. The company has a market capitalization of $239.57 million, a P/E ratio of -12.81, a PEG ratio of 1.79 and a beta of 1.33.

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.