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

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

ACRES Commercial Realty Stock Up 0.3 %

ACRES Commercial Realty stock opened at $15.48 on Wednesday. The company has a current ratio of 100.49, a quick ratio of 100.49 and a debt-to-equity ratio of 3.56. ACRES Commercial Realty has a 1-year low of $6.62 and a 1-year high of $16.13. The firm’s fifty day simple moving average is $15.57 and its 200-day simple moving average is $14.26. The company has a market capitalization of $123.21 million, a P/E ratio of 22.11 and a beta of 2.05.

Analysts Set New Price Targets

Separately, JMP Securities boosted their price target 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.

Insiders Place Their Bets

In other news, major shareholder Eagle Point Credit Management sold 15,096 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $24.86, for a total value of $375,286.56. Following the completion of the sale, the insider now directly owns 623,594 shares in the company, valued at approximately $15,502,546.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 126,527 shares of company stock valued at $3,096,289 over the last 90 days. 4.07% of the stock is currently owned by company 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.