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

ACRES Commercial Realty (NYSE:ACR) released its 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. ACRES Commercial Realty had a return on equity of 7.75% and a net margin of 28.51%. The company had revenue of $18.77 million for the quarter, compared to the consensus estimate of $13.00 million. During the same quarter in the previous year, the company posted $0.42 EPS.

ACRES Commercial Realty Stock Performance

Shares of ACR opened at $13.65 on Friday. The company has a market cap of $104.70 million, a PE ratio of 19.50 and a beta of 1.99. The firm has a 50-day moving average of $12.77 and a 200-day moving average of $10.22. ACRES Commercial Realty has a one year low of $6.62 and a one year 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.

Analysts Set New Price Targets

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