ACRES Commercial Realty (NYSE:ACR) Price Target Increased to $15.50 by Analysts at JMP Securities

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

ACRES Commercial Realty Trading Up 5.0 %

ACR opened at $13.65 on Tuesday. 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 has a 1-year low of $6.62 and a 1-year high of $14.35. The company has a market cap of $104.70 million, a P/E ratio of 18.57 and a beta of 1.99. The company’s 50 day moving average is $12.77 and its 200-day moving average is $10.22.

ACRES Commercial Realty (NYSE:ACR) last issued its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.25). ACRES Commercial Realty had a return on equity of 7.75% and a net margin of 28.51%. The firm had revenue of $18.77 million during the quarter, compared to analyst estimates of $13.00 million. During the same period in the previous year, the company earned $0.42 EPS. Equities research analysts predict that ACRES Commercial Realty will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of hedge funds have recently modified their holdings of ACR. Sound View Wealth Advisors Group LLC bought a new stake in ACRES Commercial Realty during the third quarter valued at $83,000. Janney Montgomery Scott LLC acquired a new position in shares of ACRES Commercial Realty in the 1st quarter valued at about $172,000. Finally, Barclays PLC lifted its stake 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. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.