ACRES Commercial Realty Corp. Reauthorizes an Additional $5 Million Share Repurchase Program
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ACRES Commercial Realty Corp. has announced the reauthorization of an additional $5 million for its share repurchase program, allowing the company to buy back more of its common and preferred stock.
December 19, 2024 | 9:30 pm
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ACRES Commercial Realty Corp. has reauthorized an additional $5 million for its share repurchase program, indicating confidence in its stock value and potentially boosting its stock price.
The reauthorization of a share repurchase program typically signals that the company believes its stock is undervalued, which can lead to a positive impact on the stock price as it reduces the number of shares available in the market, potentially increasing earnings per share.
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