ACRES Commercial Realty (NYSE:ACR – Get Free Report) had its price target increased by stock analysts at JMP Securities from $16.50 to $17.50 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price target indicates a potential upside of 12.11% from the stock’s previous close.
ACRES Commercial Realty Price Performance
ACRES Commercial Realty stock opened at $15.61 on Wednesday. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49. ACRES Commercial Realty has a 52 week low of $6.62 and a 52 week high of $16.13. The stock has a market capitalization of $122.85 million, a P/E ratio of 22.30 and a beta of 2.05. The stock has a fifty day moving average of $15.27 and a 200-day moving average of $13.93.
Insider Activity at ACRES Commercial Realty
In related news, major shareholder Eagle Point Credit Management sold 1,210 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $24.80, for a total value of $30,008.00. Following the completion of the transaction, the insider now owns 651,309 shares of the company’s stock, valued at approximately $16,152,463.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 107,065 shares of company stock valued at $2,632,780. 4.07% of the stock is owned by insiders.
Hedge Funds Weigh In On ACRES Commercial Realty
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.
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