Ares Commercial Real Estate (NYSE:ACRE - Get Free Report) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Ares Commercial Real Estate to post earnings of $0.11 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
Ares Commercial Real Estate Stock Performance
Shares of NYSE ACRE traded down $0.12 during trading hours on Thursday, reaching $6.35. The stock had a trading volume of 444,017 shares, compared to its average volume of 575,816. The firm has a market cap of $346.12 million, a price-to-earnings ratio of -7.65 and a beta of 1.45. The firm has a 50-day moving average of $6.94 and a 200-day moving average of $6.97. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.32. Ares Commercial Real Estate has a fifty-two week low of $6.35 and a fifty-two week high of $11.24.
Ares Commercial Real Estate Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.75%. Ares Commercial Real Estate's dividend payout ratio (DPR) is -120.48%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Wells Fargo & Company downgraded Ares Commercial Real Estate from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $7.50 to $7.00 in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their target price on shares of Ares Commercial Real Estate from $7.00 to $6.50 and set a "neutral" rating on the stock in a research report on Thursday, October 17th. BTIG Research reiterated a "neutral" rating on shares of Ares Commercial Real Estate in a research report on Friday, July 19th. Finally, StockNews.com downgraded Ares Commercial Real Estate from a "hold" rating to a "sell" rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.10.
Read Our Latest Stock Report on Ares Commercial Real Estate
Ares Commercial Real Estate Company Profile
(
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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