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

ACRES Commercial Realty (NYSE:ACR) issued its quarterly earnings results on Wednesday. The company reported ($2.64) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($2.74), FiscalAI reports. The company had revenue of $24.22 million during the quarter, compared to analysts’ expectations 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 up $0.24 during trading hours on Wednesday, hitting $14.14. The stock had a trading volume of 39,755 shares, compared to its average volume of 31,057. ACRES Commercial Realty has a 1 year low of $9.91 and a 1 year high of $24.61. The company’s fifty day simple moving average is $12.19 and its 200 day simple moving average is $16.97. The stock has a market cap of $100.83 million, a PE ratio of -12.63 and a beta of 1.11. The company has a quick ratio of 108.63, a current ratio of 108.63 and a debt-to-equity ratio of 3.24.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ACR. Citizens Jmp lowered their price objective on shares of ACRES Commercial Realty from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Monday, October 26th. Zacks Research raised shares of ACRES Commercial Realty from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings downgraded shares of ACRES Commercial Realty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 14th. Finally, Citigroup restated a “market outperform” rating on shares of ACRES Commercial Realty in a research note on Monday, October 26th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

ACRES Commercial Realty Company Profile

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.