ACRES Commercial Realty Corp. (NYSE:ACR – Get Rating) SVP Jaclyn Jesberger bought 2,030 shares of the stock in a transaction on Wednesday, May 25th. The shares were acquired at an average price of $9.84 per share, with a total value of $19,975.20. Following the purchase, the senior vice president now owns 10,372 shares of the company’s stock, valued at $102,060.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of ACR opened at $9.80 on Friday. ACRES Commercial Realty Corp. has a 1 year low of $9.52 and a 1 year high of $18.43. The company has a market cap of $89.18 million, a price-to-earnings ratio of 20.85 and a beta of 1.88. The company has a debt-to-equity ratio of 3.67, a quick ratio of 174.33 and a current ratio of 174.33. The firm has a fifty day moving average of $12.06 and a 200-day moving average of $12.47.
ACRES Commercial Realty (NYSE:ACR – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.56). ACRES Commercial Realty had a net margin of 37.47% and a return on equity of 0.75%. During the same quarter last year, the company posted ($0.01) EPS. Analysts predict that ACRES Commercial Realty Corp. will post 0.31 EPS for the current year.
Separately, Zacks Investment Research downgraded shares of ACRES Commercial Realty from a “buy” rating to a “hold” rating in a report on Friday, May 6th.
About ACRES Commercial Realty (Get Rating)
ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments.
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