Ares Commercial Real Estate: The Safest Dividend Is The One That's Just Been Cut (Upgrade) [Seeking Alpha]
Ares Commercial Real Estate Corporation (ACRE)
Last ares commercial real estate corporation earnings: 2/20 06:00 am
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arescre.com
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Source: Seeking Alpha
ACRE slashed its dividend by 24.2% in Q1, but the new payout is better covered by distributable earnings. The REIT's valuation multiple and 13% yield make it an interesting buying opportunity for passive income investors. As part of my portfolio review process last year, I sold Ares Commercial Real Estate Corporation ( NYSE: ACRE due to growing dividend risks. Ares Commercial Real Estate's payout ratio had risen substantially above 100% in the third quarter, which made a dividend cut that much more probable. The commercial trust indeed slashed its first quarter dividend by 24.2% to $0.25 per share, but this new payout is better covered by the trust's distributable earnings. I think that the safest dividend to buy is the one that's just been cut and taking into account that Ares Commercial Real Estate has suffered a large stock price decline as a result, this is the time for a Buy upgrade. My Rating History I articulated my concerns about a potentially incoming dividend
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ACRE
News
- Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2024Accesswire
- Greystone Housing: 9.6% Tax Advantaged Yield, Where We Would Buy [Seeking Alpha]Seeking Alpha
- Ares Commercial: Another Distribution Cut Highly Probable In 1 Year [Seeking Alpha]Seeking Alpha
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its price target lowered by analysts at Keefe, Bruyette & Woods from $8.00 to $7.50. They now have a "market perform" rating on the stock.MarketBeat
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its price target lowered by analysts at JPMorgan Chase & Co. from $8.00 to $7.00. They now have a "neutral" rating on the stock.MarketBeat
ACRE
Earnings
- 2/22/24 - Beat
ACRE
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- ACRE's page on the SEC website