ACRES Commercial Realty (NYSE:ACR - Get Free Report) will likely be posting its quarterly earnings results before the market opens 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. Individual interested in listening to the company's earnings conference call can do so using this link.
ACRES Commercial Realty Stock Down 1.5 %
Shares of ACR stock traded down $0.31 during trading on Friday, reaching $19.43. The company's stock had a trading volume of 48,158 shares, compared to its average volume of 23,492. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. ACRES Commercial Realty has a 1-year low of $10.34 and a 1-year high of $20.00. The company has a market capitalization of $150.35 million, a price-to-earnings ratio of 23.13 and a beta of 2.07. The stock's 50-day moving average price is $17.49 and its 200 day moving average price is $16.46.
Insiders Place Their Bets
In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 7,335 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 owns 889,031 shares in the company, valued at $19,914,294.40. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 41,946 shares of company stock worth $1,029,979 in the last 90 days. Corporate insiders own 4.07% of the company's stock.
ACRES Commercial Realty Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider ACRES Commercial Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ACRES Commercial Realty wasn't on the list.
While ACRES Commercial Realty currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
