Citizens Jmp Issues Pessimistic Forecast for ACRES Commercial Realty (NYSE:ACR) Stock Price

Key Points

• Citizens Jmp lowered ACRES Commercial Realty’s price target from $23 to $17 while maintaining a “market outperform” rating, implying 47.44% upside from the prior close.
• Analyst sentiment is mixed: MarketBeat reports a consensus “Hold” rating and an average $17 target, with two Buy, one Hold, and one Sell rating.
• ACR shares recently traded at $11.53, well below their 50-day and 200-day moving averages, after the company reported a quarterly EPS loss of $0.74 versus expectations for EPS of $0.18.

ACRES Commercial Realty (NYSE:ACR - Get Free Report) had its price target reduced by equities research analysts at Citizens Jmp from $23.00 to $17.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. Citizens Jmp's target price suggests a potential upside of 47.44% from the stock's previous close.

ACR has been the topic of a number of other reports. Zacks Research upgraded shares of ACRES Commercial Realty from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Citigroup reaffirmed a "market outperform" rating on shares of ACRES Commercial Realty in a report on Monday. Weiss Ratings cut shares of ACRES Commercial Realty from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, September 14th. Finally, Wall Street Zen downgraded shares of ACRES Commercial Realty from a "hold" rating to a "sell" rating in a research note on Sunday, July 5th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $17.00.

ACRES Commercial Realty Price Performance

Shares of ACR stock traded down $0.16 on Monday, hitting $11.53. 3,726 shares of the company's stock were exchanged, compared to its average volume of 30,632. The company has a 50 day moving average of $12.45 and a 200 day moving average of $16.37. The stock has a market cap of $82.21 million, a P/E ratio of -10.27 and a beta of 1.10. The company has a debt-to-equity ratio of 3.24, a current ratio of 108.63 and a quick ratio of 108.63. ACRES Commercial Realty has a 12 month low of $9.91 and a 12 month high of $24.61.

ACRES Commercial Realty (NYSE:ACR - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.92). The business had revenue of $20.98 million during the quarter, compared to the consensus estimate of $20.32 million. ACRES Commercial Realty had a net margin of 22.62% and a return on equity of 2.42%. On average, equities research analysts predict that ACRES Commercial Realty will post 0.15 EPS for the current year.

Insider Buying and Selling

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 2,212 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $21.80, for a total value of $48,221.60. Following the completion of the transaction, the insider directly owned 716,679 shares in the company, valued at approximately $15,623,602.20. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 3,508 shares of company stock valued at $76,472 in the last ninety days. 4.60% of the stock is currently owned by company insiders.

Institutional Trading of ACRES Commercial Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of ACRES Commercial Realty by 2.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 46,278 shares of the company's stock valued at $894,000 after buying an additional 1,019 shares during the last quarter. GM Advisory Group LLC bought a new position in shares of ACRES Commercial Realty during the first quarter worth about $223,000. Finally, Bank of New York Mellon Corp bought a new position in shares of ACRES Commercial Realty during the second quarter worth about $256,000. 40.03% of the stock is currently owned by institutional investors.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp. NYSE: ACR is a real estate investment trust focused on originating and investing in commercial real estate mortgage loans and related investments. The company primarily provides financing for commercial properties, including transitional assets that may require renovation, repositioning, or other improvements before reaching stabilized operations.

Its investment activities are centered on loans secured by properties such as multifamily housing, office buildings, retail centers, industrial facilities, and lodging assets.

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