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As usual on Mondays, we provide an update on dividend stocks. You can see the recommendation table at the end of the post, while the discussion focuses on Ares Commercial Real Estate Corporation, ticker ACRE. This stock is rated by MBAAssist algo as 3, which is a pretty good rating, considering that 1 and 2 are possible but occur extremely rare.
ACRE is expected to pay a dividend of $1.32 and it's price just dropped to $40.44. Our algo also says that yesterday was the best day to buy it but since yesterday the markets were closed, today is the day. You can also notice that the trading volume is up today, in fact, it is nearly double the normal.
Additionally, the stocks current price is below all analysts' estimates, which might indicate that upside is to be expected. And while the stock is not rated as strong buy, most of the analysts say it's a buy.
Further, for those of you who follow dividend stocks for profits, ACRE has shown a good ability to recover the price post ex-dividend day, as you can see in the figure below:
Figure 1. ACRE price around ex-dividend dates. The vertical lines represent ex-dividend dates.Well, this was the analysis for ACRE. Here are more suggestions for this week, for which you can do the same analysis:
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