ACRES Commercial Realty (NYSE:ACR) Stock Price Down 0.6%

Shares of ACRES Commercial Realty Corp. (NYSE:ACR) traded down 0.6% during trading on Monday . The stock traded as low as $12.71 and last traded at $12.77. 20,616 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 24,691 shares. The stock had previously closed at $12.85.

Analyst Ratings Changes

Separately, JMP Securities upped their target price on shares of ACRES Commercial Realty from $14.00 to $15.50 and gave the company a “market outperform” rating in a research report on Tuesday, April 30th.

ACRES Commercial Realty Price Performance

The company has a market capitalization of $101.65 million, a P/E ratio of 18.24 and a beta of 2.02. The firm’s fifty day moving average is $13.20 and its 200 day moving average is $11.68. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.61 and a current ratio of 90.61.

ACRES Commercial Realty (NYSE:ACR) last issued its earnings results on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.25). The company had revenue of $18.77 million during the quarter, compared to the consensus estimate of $13.00 million. ACRES Commercial Realty had a return on equity of 7.76% and a net margin of 28.51%. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, analysts predict that ACRES Commercial Realty Corp. will post 1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nokomis Capital L.L.C. bought a new position in shares of ACRES Commercial Realty during the first quarter valued at approximately $3,729,000. Acadian Asset Management LLC boosted its stake in shares of ACRES Commercial Realty by 19.2% during the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after purchasing an additional 16,986 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of ACRES Commercial Realty during the first quarter valued at approximately $580,000. Finally, Janney Montgomery Scott LLC purchased a new stake in ACRES Commercial Realty during the first quarter valued at approximately $172,000. 40.03% of the stock is currently owned by institutional investors.

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.