JMP Securities Issues Positive Forecast for ACRES Commercial Realty (NYSE:ACR) Stock Price

ACRES Commercial Realty (NYSE:ACR) had its target price boosted by JMP Securities to $22.00 in a research report released on Friday,Stock Target Advisor reports. JMP Securities currently has a buy rating on the stock.

ACRES Commercial Realty Stock Performance

Shares of ACR opened at $21.14 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84. The stock has a market capitalization of $163.55 million, a P/E ratio of 25.17 and a beta of 2.12. The company’s fifty day moving average is $18.31 and its two-hundred day moving average is $16.79. ACRES Commercial Realty has a 1 year low of $10.54 and a 1 year high of $21.25.

Insider Buying and Selling at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 3,650 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $24.59, for a total value of $89,753.50. Following the completion of the transaction, the insider now owns 446,835 shares in the company, valued at approximately $10,987,672.65. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 27,277 shares of company stock valued at $660,846. 4.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Nokomis Capital L.L.C. raised its position in ACRES Commercial Realty by 1.1% in the fourth quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock worth $4,273,000 after acquiring an additional 2,889 shares in the last quarter. Gratia Capital LLC raised its position in ACRES Commercial Realty by 1.3% in the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company’s stock worth $1,636,000 after acquiring an additional 1,314 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in ACRES Commercial Realty by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company’s stock worth $997,000 after acquiring an additional 1,458 shares in the last quarter. Raymond James Financial Inc. purchased a new position in ACRES Commercial Realty in the fourth quarter worth $829,000. Finally, Northern Trust Corp raised its position in ACRES Commercial Realty by 32.5% in the fourth quarter. Northern Trust Corp now owns 39,671 shares of the company’s stock worth $641,000 after acquiring an additional 9,738 shares in the last quarter. Hedge funds and other institutional investors 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.