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

Ares Commercial Real Estate Corporation (NYSE:ACRE) declared a quarterly dividend on Tuesday, February 10th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.15 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date 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% 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 Up 11.4%

Shares of Ares Commercial Real Estate stock traded up $0.59 during trading on Tuesday, reaching $5.70. The company’s stock had a trading volume of 1,925,417 shares, compared to its average volume of 597,507. The company has a 50-day simple moving average of $5.07 and a two-hundred day simple moving average of $4.81. Ares Commercial Real Estate has a 1-year low of $3.35 and a 1-year high of $6.09. The company has a market cap of $313.40 million, a price-to-earnings ratio of -37.96, a P/E/G ratio of 0.52 and a beta of 1.26.

Ares Commercial Real Estate (NYSE:ACRE) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.08). The company had revenue of $13.22 million for the quarter, compared to analyst estimates of $11.38 million. Ares Commercial Real Estate had a negative net margin of 13.02% and a negative return on equity of 5.15%. As a group, analysts anticipate that Ares Commercial Real Estate will post -0.34 earnings per share for the current year.

About Ares Commercial Real Estate

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.