ACRES Commercial Realty (NYSE:ACR) Posts Quarterly Earnings Results, Misses Expectations By $2.74 EPS

ACRES Commercial Realty (NYSE:ACR) announced its earnings results on Wednesday. The company reported ($2.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($2.74), FiscalAI reports. The company had revenue of $24.22 million for the quarter, compared to the consensus estimate of $21.23 million. ACRES Commercial Realty had a return on equity of 2.42% and a net margin of 22.62%.

ACRES Commercial Realty Stock Performance

ACR traded down $1.22 during trading hours on Thursday, reaching $13.04. The company’s stock had a trading volume of 38,124 shares, compared to its average volume of 31,033. The company has a debt-to-equity ratio of 3.24, a quick ratio of 108.63 and a current ratio of 108.63. The company’s 50-day moving average is $12.18 and its 200-day moving average is $16.94. ACRES Commercial Realty has a 52 week low of $9.91 and a 52 week high of $24.61. The firm has a market cap of $93.00 million, a PE ratio of -11.63 and a beta of 1.11.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACR. Zacks Research upgraded shares of ACRES Commercial Realty from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Citigroup reaffirmed a “market outperform” rating on shares of ACRES Commercial Realty in a report on Monday, October 26th. Citizens Jmp reduced their target price on ACRES Commercial Realty from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Monday, October 26th. Finally, Weiss Ratings cut ACRES Commercial Realty from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, September 14th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.00.

About ACRES Commercial Realty

ACRES Commercial Realty Corp. (NYSE: ACR) is a real estate investment trust focused on originating and investing in commercial real estate mortgage loans and related investments. The company primarily provides financing for commercial properties, including transitional assets that may require renovation, repositioning, or other improvements before reaching stabilized operations.

Its investment activities are centered on loans secured by properties such as multifamily housing, office buildings, retail centers, industrial facilities, and lodging assets.