ACRES Commercial Realty (NYSE:ACR) Issues Earnings Results, Beats Estimates By $0.15 EPS

ACRES Commercial Realty (NYSE:ACR) posted 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 Performance

Shares of ACR traded down $0.23 during trading hours on Wednesday, reaching $20.28. 23,024 shares of the company’s stock traded hands, compared to its average volume of 26,843. ACRES Commercial Realty has a twelve month low of $10.54 and a twelve month high of $21.17. The business’s fifty day simple moving average is $18.13 and its two-hundred day simple moving average is $16.74. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. The firm has a market capitalization of $156.87 million, a price-to-earnings ratio of 24.14 and a beta of 2.07.

Insider Buying and Selling

In related news, major shareholder Eagle Point Credit Management sold 7,335 shares of the firm’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 transaction, the insider now owns 889,031 shares in the company, valued at $19,914,294.40. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 31,375 shares of company stock valued at $764,033 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.