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

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

ACRES Commercial Realty Stock Down 3.9 %

Shares of ACR stock traded down $0.53 during mid-day trading on Thursday, hitting $12.97. 14,150 shares of the stock traded hands, compared to its average volume of 28,924. The stock has a market cap of $99.48 million, a P/E ratio of 37.06 and a beta of 1.99. The stock’s fifty day moving average is $12.71 and its two-hundred day moving average is $10.20. ACRES Commercial Realty has a 52-week low of $6.62 and a 52-week 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.

Wall Street Analyst Weigh In

Separately, JMP Securities upped their price target on shares of ACRES Commercial Realty from $14.00 to $15.50 and gave the stock a “market outperform” rating in a report 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.