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

ACRES Commercial Realty (NYSE:ACR) had its price objective raised by investment analysts at JMP Securities from $14.00 to $15.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price objective suggests a potential upside of 15.16% from the company’s current price.

ACRES Commercial Realty Trading Up 1.2 %

NYSE:ACR opened at $13.46 on Tuesday. The company has a debt-to-equity ratio of 3.76, a current ratio of 84.01 and a quick ratio of 84.01. ACRES Commercial Realty has a one year low of $6.62 and a one year high of $14.35. The company has a market cap of $103.25 million, a PE ratio of 38.46 and a beta of 1.99. The firm has a 50-day moving average of $12.65 and a 200-day moving average of $10.18.

Institutional Trading of ACRES Commercial Realty

Institutional investors have recently made changes to their positions in the company. Barclays PLC increased its position in shares of ACRES Commercial Realty by 1.2% during the third quarter. Barclays PLC now owns 123,415 shares of the company’s stock valued at $1,025,000 after acquiring an additional 1,416 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of ACRES Commercial Realty during the 1st quarter valued at $172,000. Finally, Sound View Wealth Advisors Group LLC bought a new stake in shares of ACRES Commercial Realty during the 3rd quarter worth $83,000. Institutional investors own 40.03% of the company’s stock.

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.