ACRES Commercial Realty (NYSE:ACR) Upgraded to “Hold” at Wall Street Zen

ACRES Commercial Realty (NYSE:ACR) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of ACRES Commercial Realty from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, ACRES Commercial Realty currently has an average rating of “Moderate Buy” and an average price target of $24.50.

ACRES Commercial Realty Trading Up 6.1%

Shares of ACRES Commercial Realty stock opened at $18.07 on Friday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 164.62 and a current ratio of 164.62. The firm has a 50-day moving average of $19.51 and a 200-day moving average of $19.82. ACRES Commercial Realty has a 52-week low of $15.61 and a 52-week high of $24.61. The stock has a market cap of $128.82 million, a PE ratio of 27.79 and a beta of 1.07.

ACRES Commercial Realty (NYSE:ACR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $17.82 million during the quarter, compared to analysts’ expectations of $20.55 million. ACRES Commercial Realty had a net margin of 37.20% and a return on equity of 5.61%. As a group, sell-side analysts forecast that ACRES Commercial Realty will post 0.15 EPS for the current year.

Insider Buying and Selling at ACRES Commercial Realty

In other news, major shareholder Eagle Point Credit Management sold 2,076 shares of ACRES Commercial Realty stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $22.50, for a total value of $46,710.00. Following the transaction, the insider owned 731,230 shares in the company, valued at approximately $16,452,675. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 18,375 shares of company stock valued at $444,374. Company insiders own 4.60% of the company’s stock.

Institutional Trading of ACRES Commercial Realty

Several large investors have recently bought and sold shares of ACR. GM Advisory Group LLC bought a new position in ACRES Commercial Realty in the first quarter valued at about $223,000. Janney Montgomery Scott LLC lifted its holdings in shares of ACRES Commercial Realty by 2.3% in the first quarter. Janney Montgomery Scott LLC now owns 46,278 shares of the company’s stock worth $894,000 after acquiring an additional 1,019 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of ACRES Commercial Realty by 524.2% in the 4th quarter. Royal Bank of Canada now owns 5,349 shares of the company’s stock valued at $114,000 after purchasing an additional 4,492 shares in the last quarter. Barclays PLC boosted its stake in shares of ACRES Commercial Realty by 10.8% in the 4th quarter. Barclays PLC now owns 9,610 shares of the company’s stock valued at $205,000 after purchasing an additional 939 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of ACRES Commercial Realty by 8.5% in the 4th quarter. State Street Corp now owns 86,053 shares of the company’s stock valued at $1,836,000 after purchasing an additional 6,713 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

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.