ACRES Commercial Realty (NYSE:ACR) Posts Earnings Results

ACRES Commercial Realty (NYSE:ACR) released its earnings results on Wednesday. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.22 by $0.15, Zacks reports. ACRES Commercial Realty had a return on equity of 5.43% and a net margin of 25.71%.

ACRES Commercial Realty Stock Down 1.1 %

ACR stock traded down $0.23 during mid-day trading on Wednesday, hitting $20.28. 23,024 shares of the company were exchanged, compared to its average volume of 26,843. The firm has a fifty day simple moving average of $18.13 and a 200 day simple moving average of $16.74. The company has a market capitalization of $156.87 million, a PE ratio of 24.14 and a beta of 2.07. ACRES Commercial Realty has a twelve month low of $10.54 and a twelve month high of $21.17. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33.

Insider Activity

In related news, major shareholder Eagle Point Credit Management sold 4,098 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $25.18, for a total transaction of $103,187.64. Following the sale, the insider now directly owns 454,456 shares of the company’s stock, valued at approximately $11,443,202.08. This represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 31,375 shares of company stock worth $764,033. 4.07% of the stock is currently owned by corporate insiders.

ACRES Commercial Realty Company Profile

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.