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

ACRES Commercial Realty (NYSE:ACR) announced its quarterly earnings results on Wednesday. The company reported ($2.64) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($2.74), FiscalAI reports. ACRES Commercial Realty had a negative return on equity of 4.09% and a negative net margin of 56.93%. The company had revenue of $24.22 million for the quarter, compared to analyst estimates of $21.23 million.

ACRES Commercial Realty Trading Down 4.2%

Shares of ACR traded down $0.56 during mid-day trading on Friday, reaching $12.55. 60,532 shares of the company were exchanged, compared to its average volume of 31,438. ACRES Commercial Realty has a 52 week low of $9.91 and a 52 week high of $24.61. The company has a debt-to-equity ratio of 3.24, a quick ratio of 108.63 and a current ratio of 108.63. The stock has a market capitalization of $89.53 million, a PE ratio of -1.65 and a beta of 1.11. The business has a 50 day simple moving average of $12.15 and a two-hundred day simple moving average of $16.90.

Wall Street Analyst Weigh In

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