ACRES Commercial Realty (NYSE:ACR) Posts Earnings Results, Misses Expectations By $0.56 EPS

ACRES Commercial Realty (NYSE:ACRGet Rating) released its quarterly earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.56), MarketWatch Earnings reports. ACRES Commercial Realty had a net margin of 37.47% and a return on equity of 0.75%. During the same quarter last year, the business posted ($0.01) EPS.

ACR traded up $0.18 on Friday, reaching $11.85. 9,362 shares of the company traded hands, compared to its average volume of 12,503. The stock’s 50 day moving average price is $12.51 and its 200-day moving average price is $12.98. ACRES Commercial Realty has a 52-week low of $10.75 and a 52-week high of $18.43. The company has a market cap of $104.40 million, a price-to-earnings ratio of 25.21 and a beta of 1.88. The company has a debt-to-equity ratio of 4.05, a current ratio of 161.95 and a quick ratio of 161.95.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in ACRES Commercial Realty during the fourth quarter valued at approximately $85,000. Renaissance Technologies LLC purchased a new position in ACRES Commercial Realty during the fourth quarter valued at approximately $171,000. Millennium Management LLC purchased a new position in ACRES Commercial Realty during the second quarter valued at approximately $323,000. Wealthsource Partners LLC grew its position in ACRES Commercial Realty by 113.4% in the fourth quarter. Wealthsource Partners LLC now owns 21,405 shares of the company’s stock worth $267,000 after acquiring an additional 11,375 shares in the last quarter. Finally, Northern Trust Corp grew its position in ACRES Commercial Realty by 4.2% in the fourth quarter. Northern Trust Corp now owns 25,510 shares of the company’s stock worth $318,000 after acquiring an additional 1,027 shares in the last quarter. 42.73% of the stock is currently owned by hedge funds and other institutional investors.

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

About ACRES Commercial Realty (Get Rating)

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of 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 floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments.

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