ACRES Commercial Realty (ACR) to Release Quarterly Earnings on Wednesday

ACRES Commercial Realty (NYSE:ACR) is projected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect ACRES Commercial Realty to post earnings of $0.31 per share and revenue of $22.75 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

ACRES Commercial Realty Price Performance

Shares of NYSE ACR opened at $19.94 on Wednesday. The company has a 50 day simple moving average of $17.39 and a two-hundred day simple moving average of $16.42. ACRES Commercial Realty has a fifty-two week low of $10.02 and a fifty-two week high of $20.00. The company has a market capitalization of $154.34 million, a price-to-earnings ratio of 23.74 and a beta of 2.07. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84.

Insider Activity at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock in a transaction on Monday, November 25th. The stock was sold at an average price of $25.14, for a total value of $105,135.48. Following the completion of the sale, the insider now owns 467,611 shares of the company’s stock, valued at approximately $11,755,740.54. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 43,620 shares of company stock valued at $1,072,013 in the last 90 days. Corporate insiders own 4.07% of the company’s stock.

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.