Ares Commercial Real Estate Corporation (NYSE:ACRE - Get Free Report) declared 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 dividend yield of 13.4%. The ex-dividend date of this dividend is Tuesday, September 30th.
Ares Commercial Real Estate has a dividend payout ratio of 260.9% meaning 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 Trading Up 7.9%
Shares of ACRE traded up $0.33 on Thursday, reaching $4.47. The company's stock had a trading volume of 728,193 shares, compared to its average volume of 428,766. The stock has a market capitalization of $245.62 million, a PE ratio of -13.13, a PEG ratio of 1.67 and a beta of 1.33. Ares Commercial Real Estate has a twelve month low of $3.35 and a twelve month high of $7.83. The firm has a fifty day moving average of $4.71 and a 200-day moving average of $4.71.
About Ares Commercial Real Estate
(
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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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