
ACR Stock Forecast & Price Target
ACR Analyst Ratings
Bulls say
ACRES Commercial Realty Corp has demonstrated a significant increase in book value per share (BVPS), rising by 340 basis points to $28.87, while the stock remains at a considerable discount to this book value, aided by common stock repurchases. The company's strategic shift towards multifamily assets has resulted in them making up 79.4% of the portfolio, up from 56.5% since Q1 2021, indicating a robust alignment with market trends that favor residential investment. Additionally, ACRES has made notable progress in improving its asset quality by addressing higher-rated loans and has positioned itself to benefit from anticipated rate cuts, thus enhancing credit quality and potential for capital deployment.
Bears say
The financial outlook for ACRES Commercial Realty reflects concerns regarding a declining gross loan portfolio, which decreased by 589 basis points quarter-over-quarter to $1.49 billion, primarily due to a significant volume of payoffs compared to new commitments. Expectations of a marginal decline in net interest income through 2024 suggest that the company's profitability may be hindered by increased financing costs relative to its peers, potentially leading to reduced net interest margins and return on equity. Furthermore, the ongoing presence of legacy assets in the portfolio contributes to elevated CECL reserves, which could impede capital recycling and limit growth prospects moving forward.
This aggregate rating is based on analysts' research of ACRES Commercial Realty Corp. and is not a guaranteed prediction by Public.com or investment advice.
ACR Analyst Forecast & Price Prediction
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