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

ACRES Commercial Realty (NYSE:ACR - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.25), Zacks reports. The business had revenue of $18.77 million during the quarter, compared to analysts' expectations 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 quarter last year, the firm earned $0.42 EPS.

ACRES Commercial Realty Stock Down 3.7 %

ACRES Commercial Realty stock traded down $0.50 during midday trading on Thursday, hitting $13.00. 24,666 shares of the company were exchanged, compared to its average volume of 29,048. The company's fifty day moving average price is $12.71 and its 200-day moving average price is $10.20. The company has a market cap of $99.71 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. ACRES Commercial Realty has a fifty-two week low of $6.62 and a fifty-two week high of $14.35.

Wall Street Analysts Forecast Growth

Separately, JMP Securities lifted their price target on ACRES Commercial Realty from $14.00 to $15.50 and gave the company a "market outperform" rating in a 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.