JMP Securities Raises ACRES Commercial Realty (NYSE:ACR) Price Target to $15.50

ACRES Commercial Realty (NYSE:ACR) had its price objective boosted by JMP Securities from $14.00 to $15.50 in a report issued on Tuesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

ACRES Commercial Realty Price Performance

ACR opened at $13.00 on Tuesday. The stock’s 50-day moving average price is $12.71 and its 200 day moving average price is $10.20. ACRES Commercial Realty has a 12-month low of $6.62 and a 12-month high of $14.35. The firm has a market cap of $99.71 million, a price-to-earnings ratio of 18.57 and a beta of 1.99. The company has a current ratio of 84.01, a quick ratio of 84.01 and a debt-to-equity ratio of 3.76.

ACRES Commercial Realty (NYSE:ACR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.25). The company had revenue of $18.77 million for the quarter, compared to analysts’ expectations of $13.00 million. ACRES Commercial Realty had a return on equity of 7.75% and a net margin of 28.51%. During the same period in the prior year, the company posted $0.42 EPS. As a group, sell-side analysts expect that ACRES Commercial Realty will post 1.94 earnings per share for the current year.

Institutional Trading of ACRES Commercial Realty

Institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its position in shares of ACRES Commercial Realty by 1.2% in the 3rd quarter. Barclays PLC now owns 123,415 shares of the company’s stock valued at $1,025,000 after purchasing an additional 1,416 shares during the period. Sound View Wealth Advisors Group LLC purchased a new position in shares of ACRES Commercial Realty during the 3rd quarter worth approximately $83,000. Finally, Janney Montgomery Scott LLC acquired a new stake in ACRES Commercial Realty in the first quarter valued at $172,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.