ACRES Commercial Realty (NYSE:ACR) Reports Earnings and Beats Expectations of $0.42 per EPS

ACRES Commercial Realty (NYSE:ACR – Get Rating) released its quarterly results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.17 per ($0.42), MarketWatch Earnings reports. ACRES Commercial Realty posted a net margin of 58.05% and a return on equity of 0.95%. During the same quarter last year, the company posted EPS of ($0.01).

NYSE ACR traded down $0.18 during Friday trading hours, hitting $11.85. The stock had trading volume of 9,362 shares, compared to an average trading volume of 23,757. ACRES Commercial Realty has a 52-week low of $10.75 and a 52-week high of $18.43. The stock has a 50-day moving average of $12.50 and a 200-day moving average of $13.00. The company has a debt ratio of 4.05, a quick ratio of 161.95 and a current ratio of 161.95. The stock has a market capitalization of $104.37 million, a P/E ratio of 6.58 and a beta of 1.88.

Separately, Zacks Investment Research downgraded shares of ACRES Commercial Realty from a “buy” rating to a “hold” rating in a report released Friday.

Several hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its holdings of ACRES Commercial Realty shares by 1.1% in the fourth quarter. BlackRock Inc. now owns 116,551 shares of the company valued at $1,453,000 after purchasing an additional 1,252 shares during the period. Invesco Ltd. increased its stake in ACRES Commercial Realty by 3.6% in the third quarter. Invesco Ltd. now owns 65,422 shares of the company valued at $1,058,000 after acquiring an additional 2,290 shares during the period. Millennium Management LLC acquired a new stake in ACRES Commercial Realty in Q2 for a value of approximately $323,000. Northern Trust Corp increased its stake in the shares of ACRES Commercial Realty by 4.2% during the 4th quarter. Northern Trust Corp now owns 25,510 shares of the company worth $318,000 after purchasing an additional 1,027 shares during the period. Finally, Wealthsource Partners LLC increased its equity stake in ACRES Commercial Realty by 113.4% during the 4th quarter. Wealthsource Partners LLC now owns 21,405 shares of the company valued at $267,000 after purchasing an additional 11,375 shares last quarter. 42.73% of the shares are currently held by institutional investors and hedge funds.

ACRES Commercial Realty Company Profile (Get a rating)

ACRES Commercial Realty Corp., a real estate investment trust (REIT), is focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate related assets, including variable and fixed rate first mortgages, senior interests in first mortgages, subordinate interests in first mortgages, mezzanine, preferred equity investments, commercial mortgage-backed securities and commercial real estate. real estate stocks and preferred stock investments.

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