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

ACRES Commercial Realty (NYSE:ACR) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect ACRES Commercial Realty to post earnings of $0.33 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ACRES Commercial Realty Trading Down 1.0 %

Shares of ACRES Commercial Realty stock opened at $15.16 on Monday. The company has a market capitalization of $120.66 million, a P/E ratio of 21.66 and a beta of 2.05. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49. The company has a fifty day moving average of $15.55 and a 200 day moving average of $14.30. ACRES Commercial Realty has a fifty-two week low of $7.25 and a fifty-two week high of $16.13.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their price objective on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the company a “market outperform” rating in a report on Wednesday, September 25th.

Insider Buying and Selling at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 2,635 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $24.88, for a total transaction of $65,558.80. Following the completion of the transaction, the insider now owns 620,959 shares of the company’s stock, valued at $15,449,459.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 126,151 shares of company stock valued at $3,086,997 in the last 90 days. 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.