In a report released today, Stephen Laws from Raymond James maintained a Buy rating on ACRES Commercial Realty (ACR – Research Report), with a price target of $15.00. The company’s shares closed last Friday at $7.85, close to its 52-week low of $7.82.
According to TipRanks.com, Laws is a 5-star analyst with an average return of 15.2% and a 62.4% success rate. Laws covers the Financial sector, focusing on stocks such as America First Multifamily Investors, Finance of America Companies, and Broadmark Realty Capital.
ACRES Commercial Realty has an analyst consensus of Moderate Buy, with a price target consensus of $14.50, implying an 83.8% upside from current levels. In a report issued on July 14, JMP Securities also reiterated a Buy rating on the stock with a $14.00 price target.
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The company has a one-year high of $18.43 and a one-year low of $7.82. Currently, ACRES Commercial Realty has an average volume of 24.78K.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACR in relation to earlier this year.
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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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