ACRES Commercial Realty (ACR) to Release Earnings on Wednesday

ACRES Commercial Realty (NYSE:ACR) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

ACRES Commercial Realty Stock Performance

NYSE:ACR opened at $15.48 on Wednesday. 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 firm’s 50-day moving average is $15.57 and its 200-day moving average is $14.26. ACRES Commercial Realty has a 52-week low of $6.62 and a 52-week high of $16.13. The company has a market cap of $123.21 million, a price-to-earnings ratio of 22.11 and a beta of 2.05.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, major shareholder Eagle Point Credit Management sold 2,635 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.88, for a total value of $65,558.80. Following the sale, the insider now directly owns 620,959 shares in the company, valued at approximately $15,449,459.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 126,527 shares of company stock worth $3,096,289. 4.07% of the stock is currently owned by corporate insiders.

About ACRES Commercial Realty

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.