ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) shares were down 0.3% during trading on Friday . The company traded as low as $17.58 and last traded at $17.62. Approximately 34,365 shares traded hands during trading, an increase of 11% from the average daily volume of 30,912 shares. The stock had previously closed at $17.67.
ACRES Commercial Realty Price Performance
The company has a debt-to-equity ratio of 2.89, a current ratio of 88.11 and a quick ratio of 88.11. The company has a 50-day moving average price of $18.08 and a 200-day moving average price of $18.78. The firm has a market capitalization of $136.12 million, a PE ratio of 63.52 and a beta of 1.69.
ACRES Commercial Realty (NYSE:ACR - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($1.15). ACRES Commercial Realty had a return on equity of 2.95% and a net margin of 22.98%. The business had revenue of $5.60 million for the quarter, compared to analysts' expectations of $19.89 million. Sell-side analysts forecast that ACRES Commercial Realty Corp. will post 0.78 EPS for the current year.
Insider Activity at ACRES Commercial Realty
In other news, major shareholder Eagle Point Credit Management sold 11,071 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $22.39, for a total value of $247,879.69. Following the transaction, the insider directly owned 847,501 shares in the company, valued at $18,975,547.39. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 24,632 shares of company stock valued at $550,206. Company insiders own 3.92% of the company's stock.
Institutional Investors Weigh In On ACRES Commercial Realty
Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of ACRES Commercial Realty in the 4th quarter worth approximately $412,000. Raymond James Financial Inc. bought a new stake in shares of ACRES Commercial Realty in the 4th quarter worth approximately $829,000. Sei Investments Co. bought a new stake in ACRES Commercial Realty during the 4th quarter valued at $162,000. Arrowstreet Capital Limited Partnership raised its stake in ACRES Commercial Realty by 25.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 31,976 shares of the company's stock valued at $516,000 after acquiring an additional 6,393 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in ACRES Commercial Realty by 2.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company's stock valued at $997,000 after acquiring an additional 1,458 shares in the last quarter. Institutional investors and hedge funds own 40.03% 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.
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