ACRES Commercial Realty (NYSE:ACR – Get Free Report) had its target price boosted by analysts at JMP Securities from $16.50 to $17.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price objective suggests a potential upside of 10.76% from the company’s previous close.
ACRES Commercial Realty Price Performance
ACRES Commercial Realty stock opened at $15.80 on Wednesday. ACRES Commercial Realty has a 52 week low of $6.62 and a 52 week high of $16.13. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49. The stock has a market capitalization of $124.35 million, a P/E ratio of 22.57 and a beta of 2.05. The stock has a fifty day moving average of $15.19 and a 200-day moving average of $13.90.
Insider Activity at ACRES Commercial Realty
In related news, major shareholder Eagle Point Credit Management sold 5,159 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $25.22, for a total value of $130,109.98. Following the completion of the sale, the insider now directly owns 524,357 shares of the company’s stock, valued at approximately $13,224,283.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 125,529 shares of company stock worth $3,094,380 in the last quarter. Company insiders own 4.07% of the company’s stock.
Hedge Funds Weigh In On ACRES Commercial Realty
About ACRES Commercial Realty
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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