ACRES Commercial Realty (NYSE:ACR) Stock Rating Lowered by Wall Street Zen

ACRES Commercial Realty (NYSE:ACR) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities analysts also recently issued reports on the company. Citigroup reiterated an “outperform” rating on shares of ACRES Commercial Realty in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ACRES Commercial Realty in a research report on Monday, December 29th. Citizens Jmp set a $24.50 price target on shares of ACRES Commercial Realty in a research note on Friday, October 31st. Finally, Zacks Research raised shares of ACRES Commercial Realty to a “hold” rating in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.50.

ACRES Commercial Realty Stock Down 0.6%

Shares of NYSE ACR opened at $18.55 on Friday. The company has a current ratio of 104.99, a quick ratio of 104.99 and a debt-to-equity ratio of 2.73. The business has a 50-day moving average of $19.85 and a 200-day moving average of $20.66. The firm has a market capitalization of $135.12 million, a price-to-earnings ratio of 19.32 and a beta of 1.19. ACRES Commercial Realty has a 12 month low of $16.51 and a 12 month high of $24.61.

Insider Transactions at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management sold 13,979 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $24.93, for a total transaction of $348,496.47. Following the sale, the insider directly owned 363,830 shares of the company’s stock, valued at $9,070,281.90. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 53,733 shares of company stock valued at $1,295,373. Corporate insiders own 3.92% of the company’s stock.

Institutional Trading of ACRES Commercial Realty

Several large investors have recently modified their holdings of ACR. Eagle Point Credit Management LLC purchased a new position in shares of ACRES Commercial Realty during the 4th quarter valued at about $25,118,000. Oaktree Capital Management LP purchased a new stake in ACRES Commercial Realty in the 3rd quarter worth approximately $8,282,000. Vanguard Group Inc. raised its stake in ACRES Commercial Realty by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 383,696 shares of the company’s stock worth $8,119,000 after acquiring an additional 11,465 shares during the period. Acadian Asset Management LLC lifted its holdings in ACRES Commercial Realty by 16.8% during the second quarter. Acadian Asset Management LLC now owns 182,679 shares of the company’s stock valued at $3,272,000 after purchasing an additional 26,226 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of ACRES Commercial Realty by 125.1% in the second quarter. Geode Capital Management LLC now owns 137,996 shares of the company’s stock worth $2,476,000 after purchasing an additional 76,688 shares during the period. Institutional investors own 40.03% of the company’s stock.

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.