ACRES Commercial Realty (NYSE:ACR) Posts Earnings Results

ACRES Commercial Realty (NYSE:ACR) posted its quarterly earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.25), Zacks reports. The company had revenue of $18.77 million during the quarter, compared to analyst estimates of $13.00 million. ACRES Commercial Realty had a net margin of 24.57% and a return on equity of 8.41%. During the same period in the prior year, the company earned $0.42 earnings per share.

ACRES Commercial Realty Stock Performance

Shares of ACR stock traded down $0.53 on Thursday, hitting $12.97. 14,150 shares of the stock traded hands, compared to its average volume of 28,924. The company’s fifty day moving average is $12.71 and its 200 day moving average is $10.20. ACRES Commercial Realty has a 1-year low of $6.62 and a 1-year high of $14.35. The company has a market capitalization of $99.48 million, a PE ratio of 37.06 and a beta of 1.99. The company has a debt-to-equity ratio of 3.76, a current ratio of 84.01 and a quick ratio of 84.01.

Analysts Set New Price Targets

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

About ACRES Commercial Realty

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.