ACRES Commercial Realty (NYSE:ACR) Releases Earnings Results, Misses Estimates By $0.25 EPS

ACRES Commercial Realty (NYSE:ACR) released its quarterly earnings data on Wednesday. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.25), Zacks reports. ACRES Commercial Realty had a return on equity of 8.41% and a net margin of 24.57%. The firm had revenue of $18.77 million during the quarter, compared to analysts’ expectations of $13.00 million. During the same quarter last year, the business earned $0.42 earnings per share.

ACRES Commercial Realty Stock Performance

Shares of NYSE ACR traded down $0.53 during mid-day trading on Thursday, hitting $12.97. The company had a trading volume of 14,150 shares, compared to its average volume of 28,924. The stock has a market cap of $99.48 million, a price-to-earnings ratio of 37.06 and a beta of 1.99. ACRES Commercial Realty has a 12 month low of $6.62 and a 12 month high of $14.35. The company has a debt-to-equity ratio of 3.76, a current ratio of 84.01 and a quick ratio of 84.01. The firm’s 50 day simple moving average is $12.71 and its two-hundred day simple moving average is $10.20.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised their price objective on ACRES Commercial Realty from $14.00 to $15.50 and gave the company a “market outperform” rating in a research note on Tuesday.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.