ACRES Commercial Realty Corp. (NYSE:ACR) Receives Consensus Rating of “Hold” from Analysts

Shares of ACRES Commercial Realty Corp. (NYSE:ACR) have received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $24.50.

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of ACRES Commercial Realty in a research note on Monday, December 29th. Zacks Research upgraded ACRES Commercial Realty to a “hold” rating in a research note on Friday, December 19th. Finally, Wall Street Zen downgraded ACRES Commercial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th.

ACRES Commercial Realty Stock Performance

Shares of ACRES Commercial Realty stock opened at $18.86 on Thursday. The company has a 50 day moving average price of $19.61 and a 200 day moving average price of $20.64. The firm has a market capitalization of $137.49 million, a P/E ratio of 19.65 and a beta of 1.19. The company has a quick ratio of 104.99, a current ratio of 104.99 and a debt-to-equity ratio of 2.73. ACRES Commercial Realty has a 52 week low of $16.51 and a 52 week high of $24.61.

Insiders Place Their Bets

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 13,979 shares of ACRES Commercial Realty stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $24.93, for a total transaction of $348,496.47. Following the completion of the sale, the insider directly owned 363,830 shares in the company, valued at approximately $9,070,281.90. The trade was a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 53,913 shares of company stock valued at $1,286,828. 3.92% of the stock is currently owned by corporate insiders.

Institutional Trading of ACRES Commercial Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Eagle Point Credit Management LLC acquired a new position in ACRES Commercial Realty during the fourth quarter valued at $25,118,000. Oaktree Capital Management LP purchased a new position in shares of ACRES Commercial Realty during the 3rd quarter valued at about $8,282,000. Geode Capital Management LLC lifted its holdings in shares of ACRES Commercial Realty by 125.1% in the 2nd quarter. Geode Capital Management LLC now owns 137,996 shares of the company’s stock valued at $2,476,000 after buying an additional 76,688 shares during the period. Gratia Capital LLC boosted its stake in shares of ACRES Commercial Realty by 64.3% in the second quarter. Gratia Capital LLC now owns 125,994 shares of the company’s stock worth $2,260,000 after buying an additional 49,312 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of ACRES Commercial Realty by 60.6% in the second quarter. Raymond James Financial Inc. now owns 78,150 shares of the company’s stock worth $1,402,000 after buying an additional 29,503 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

ACRES Commercial Realty Company Profile

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.