Ares Commercial Real Estate Corporation (ACRE) to Issue Quarterly Dividend of $0.15 on April 15th

Ares Commercial Real Estate Corporation (NYSE:ACRE) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.15 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Tuesday, March 31st.

Ares Commercial Real Estate has decreased its dividend payment by an average of 0.1%annually over the last three years. 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 Stock Down 2.1%

ACRE opened at $4.77 on Friday. The firm has a market cap of $263.88 million, a PE ratio of -238.30 and a beta of 1.23. The business has a fifty day simple moving average of $5.06 and a 200-day simple moving average of $4.93. Ares Commercial Real Estate has a fifty-two week low of $3.35 and a fifty-two week high of $5.89.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a publicly traded real estate investment trust (REIT) primarily focused on commercial real estate debt investments. Externally managed by an affiliate of Ares Management Corporation, ACRE seeks to generate attractive risk-adjusted returns through its diversified portfolio of CRE financing strategies. The company specializes in originating, acquiring, financing and managing first mortgages, mezzanine loans, preferred equity and other structured finance products.

Since its inception, Ares Commercial Real Estate has targeted a broad range of property types, including multifamily, office, industrial, retail and hospitality assets.