ACRES Commercial Realty: Will The Dividend Be Reinstated? [Seeking Alpha]
ACRES Commercial Realty Corp. (ACR)
Company Research
Source: Seeking Alpha
11.71K Follower s Follow Play 5min Summary ACRES Commercial Realty is trading for 66 cents on the dollar. The mREIT continues to buy back shares and has $4.1 million outstanding on its buyback program. CECL reserve and the CRE loan portfolio risk rating were both up sequentially. AnthonyRosenberg/E+ via Getty Images ACRES Commercial Realty ( NYSE: ACR ) last paid a quarterly cash dividend in January 2020. This was a few months before the pandemic would spark global stay-at-home orders and roughly two years before mortgage REITs would face the tsunami of consecutive Fed rate hikes as inflation spiked. I last covered ACR with a buy rating on what was then an unhinged 47% discount to book value. The mREIT's fiscal 2024 second-quarter earnings saw its book value at $27.20 per share , a dip of 5 cents sequentially. Revenue was $20.94 million , down 11.3% over its year-ago comp and a small miss of $210,000 on consensus estimates. Critically, ACR is trading hands for a 44%
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ACR
News
- ACRES Commercial Realty GAAP EPS of $0.36, revenue of $22.35M beats by $0.55M [Seeking Alpha]Seeking Alpha
- ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR THIRD QUARTER 2024PR Newswire
- ACRES Commercial Realty Corp. to Report Results for Third Quarter 2024PR Newswire
- ACRES Commercial Realty Corp. (NYSE: ACR) had its price target raised by analysts at JMP Securities from $16.50 to $17.50. They now have a "market outperform" rating on the stock.MarketBeat
- ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred StockPR Newswire
ACR
Earnings
- 10/30/24 - Beat
ACR
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 4
- 11/15/24 - Form 4
- ACR's page on the SEC website