ACRES Commercial Realty (ACR) Projected to Post Earnings on Wednesday

ACRES Commercial Realty (NYSE:ACR) is projected to post its quarterly earnings results after the market closes on Wednesday, March 5th. Analysts expect ACRES Commercial Realty to post earnings of $0.22 per share and revenue of $22.75 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

ACRES Commercial Realty Stock Performance

Shares of ACRES Commercial Realty stock opened at $20.13 on Tuesday. ACRES Commercial Realty has a one year low of $10.54 and a one year high of $21.17. The firm has a market capitalization of $155.71 million, a price-to-earnings ratio of 23.96 and a beta of 2.07. The business has a 50-day simple moving average of $18.04 and a 200 day simple moving average of $16.71. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84.

Insider Activity at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $25.18, for a total transaction of $103,187.64. Following the completion of the transaction, the insider now owns 454,456 shares in the company, valued at approximately $11,443,202.08. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 32,022 shares of company stock valued at $780,279 in the last three months. Corporate insiders own 4.07% of the company’s stock.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.