ACRES Commercial Realty (NYSE:ACR) Releases Quarterly Earnings Results, Misses Estimates 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 the consensus estimate of $0.10 by ($2.74), FiscalAI reports. ACRES Commercial Realty had a net margin of 22.62% and a return on equity of 2.42%. The company had revenue of $24.22 million for the quarter, compared to analysts’ expectations of $21.23 million.

ACRES Commercial Realty Stock Performance

Shares of ACR stock traded up $0.24 during trading on Wednesday, hitting $14.14. The company’s stock had a trading volume of 39,755 shares, compared to its average volume of 31,057. The company has a current ratio of 108.63, a quick ratio of 108.63 and a debt-to-equity ratio of 3.24. The company has a market cap of $100.83 million, a PE ratio of -12.63 and a beta of 1.11. The business has a fifty day moving average of $12.19 and a 200-day moving average of $16.97. ACRES Commercial Realty has a 52 week low of $9.91 and a 52 week high of $24.61.

Analysts Set New Price Targets

Several brokerages have weighed in on ACR. Citigroup restated a “market outperform” rating on shares of ACRES Commercial Realty in a research note on Monday, October 26th. Citizens Jmp reduced their target price on shares of ACRES Commercial Realty from $23.00 to $17.00 and set a “market outperform” rating for the company in a research note on Monday, October 26th. 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. Finally, Weiss Ratings downgraded shares of ACRES Commercial Realty from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, September 14th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently 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.