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

ACRES Commercial Realty (NYSE:ACR) is anticipated to release its earnings data 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

ACRES Commercial Realty Trading Down 4.0 %

NYSE ACR opened at $20.13 on Tuesday. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. ACRES Commercial Realty has a twelve month low of $10.54 and a twelve month high of $21.17. The company has a market cap of $155.71 million, a price-to-earnings ratio of 23.96 and a beta of 2.07. The business’s fifty day moving average is $18.04 and its 200 day moving average is $16.71.

Insider Activity at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management sold 7,335 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $22.40, for a total transaction of $164,304.00. Following the completion of the transaction, the insider now directly owns 889,031 shares of the company’s stock, valued at $19,914,294.40. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 32,022 shares of company stock valued at $780,279 in the last 90 days. 4.07% of the stock is owned by corporate insiders.

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.