ACRES Commercial Realty (NYSE:ACR - Get Free Report) is scheduled to be releasing 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 listening to the company's earnings conference call can do so using this link.
ACRES Commercial Realty Trading Down 1.6 %
ACR traded down $0.25 during midday trading on Wednesday, reaching $15.24. 9,986 shares of the company were exchanged, compared to its average volume of 21,304. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49. ACRES Commercial Realty has a one year low of $6.99 and a one year high of $16.13. The stock has a market capitalization of $121.26 million, a P/E ratio of 22.03 and a beta of 2.05. The stock's 50-day simple moving average is $15.57 and its 200 day simple moving average is $14.27.
Insiders Place Their Bets
In other news, major shareholder Eagle Point Credit Management sold 10,601 shares of the firm's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $23.38, for a total transaction of $247,851.38. Following the sale, the insider now owns 499,391 shares of the company's stock, valued at $11,675,761.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 126,527 shares of company stock worth $3,096,289. Insiders own 4.07% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, JMP Securities raised their target price on ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a "market outperform" rating in a report on Wednesday, September 25th.
Check Out Our Latest Research Report on ACRES Commercial Realty
ACRES Commercial Realty Company Profile
(
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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.
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