Raymond James analyst Stephen Laws maintained a Buy rating on ACRES Commercial Realty (ACR – Research Report) today and set a price target of $18.50. The company’s shares closed last Wednesday at $11.10, close to its 52-week low of $10.75.
According to TipRanks.com, Laws is a 5-star analyst with an average return of 16.8% and a 65.0% success rate. Laws covers the Financial sector, focusing on stocks such as America First Multifamily Investors, NexPoint Real Estate ate Finance, and Finance of America Companies.
ACRES Commercial Realty has an analyst consensus of Moderate Buy, with a price target consensus of $17.25.
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Based on ACRES Commercial Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.24 million and net profit of $2.08 million. In comparison, last year the company earned revenue of $12.25 million and had a net profit of $13.06 million.
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Exantas Capital Corp. is a real estate investment trust, which engages in the provision of real estate finance services. It focuses on the origination, holding, and management of commercial mortgage loans, and commercial real estate-related debt investments. The company was founded in 2005 and is headquartered in New York, NY.
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