ACRES Commercial Realty (NYSE:ACR) Lowered to Sell Rating 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 note issued to investors on Saturday.

ACR has been the topic of a number of other reports. Weiss Ratings reissued 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 objective on shares of ACRES Commercial Realty in a research report on Friday, October 31st. Citigroup restated an “outperform” rating 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, ACRES Commercial Realty has a consensus rating of “Hold” and a consensus target price of $24.50.

ACRES Commercial Realty Trading Down 0.6%

Shares of ACR stock opened at $18.55 on Friday. The stock’s 50 day simple moving average is $19.85 and its two-hundred day simple moving average is $20.66. ACRES Commercial Realty has a 1 year low of $16.51 and a 1 year high of $24.61. The company has a market cap of $135.12 million, a PE ratio of 19.32 and a beta of 1.19. The company has a debt-to-equity ratio of 2.73, a current ratio of 104.99 and a quick ratio of 104.99.

Insider Buying and Selling at ACRES Commercial Realty

In other news, major shareholder Eagle Point Credit Management sold 1,301 shares of ACRES Commercial Realty stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $25.28, for a total value of $32,889.28. Following the transaction, the insider directly owned 351,347 shares in the company, valued at approximately $8,882,052.16. This trade represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 53,733 shares of company stock valued at $1,295,373. 3.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ACR. Cubist Systematic Strategies LLC acquired a new position in ACRES Commercial Realty during the 1st quarter valued at approximately $133,000. Goldman Sachs Group Inc. purchased a new stake in ACRES Commercial Realty during the 1st quarter valued at about $488,000. Jane Street Group LLC increased its holdings in shares of ACRES Commercial Realty by 190.8% in the first quarter. Jane Street Group LLC now owns 38,434 shares of the company’s stock valued at $833,000 after purchasing an additional 25,216 shares during the period. Acadian Asset Management LLC raised its stake in shares of ACRES Commercial Realty by 16.8% in the second quarter. Acadian Asset Management LLC now owns 182,679 shares of the company’s stock worth $3,272,000 after purchasing an additional 26,226 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake 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 last quarter. Hedge funds and other institutional investors 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.