ACRES Commercial Realty (NYSE:ACR) Releases Earnings Results

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

ACRES Commercial Realty Stock Up 1.7%

Shares of ACRES Commercial Realty stock traded up $0.24 during trading hours on Wednesday, hitting $14.14. 39,755 shares of the company’s stock traded hands, compared to its average volume of 31,057. The stock has a 50 day simple moving average of $12.19 and a 200-day simple moving average of $16.97. The company has a quick ratio of 108.63, a current 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. ACRES Commercial Realty has a twelve month low of $9.91 and a twelve month high of $24.61.

Analysts Set New Price Targets

Several brokerages have issued reports on ACR. Citigroup reaffirmed a “market outperform” rating on shares of ACRES Commercial Realty in a research report 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 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. Finally, Weiss Ratings downgraded shares of ACRES Commercial Realty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 14th. Two 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, the stock presently has a consensus rating of “Hold” and a consensus price target 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.