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

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

Separately, Weiss Ratings upgraded ACRES Commercial Realty from a “sell (d+)” rating to a “hold (c)” rating in a research note 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.50.

ACRES Commercial Realty Stock Up 0.7%

ACR stock opened at $18.13 on Friday. The company has a 50 day moving average of $19.29 and a two-hundred day moving average of $19.63. ACRES Commercial Realty has a 12-month low of $15.61 and a 12-month high of $24.61. The company has a quick ratio of 164.62, a current ratio of 164.62 and a debt-to-equity ratio of 3.36. The company has a market cap of $129.27 million, a price-to-earnings ratio of 27.89 and a beta of 1.09.

ACRES Commercial Realty (NYSE:ACR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. ACRES Commercial Realty had a net margin of 37.20% and a return on equity of 5.61%. The business had revenue of $17.82 million during the quarter, compared to analyst estimates of $20.55 million. On average, equities analysts anticipate that ACRES Commercial Realty will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Eagle Point Credit Management sold 5,981 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $24.37, for a total value of $145,756.97. Following the completion of the transaction, the insider directly owned 339,325 shares of the company’s stock, valued at $8,269,350.25. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 17,280 shares of company stock valued at $420,153 over the last three months. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On ACRES Commercial Realty

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in ACRES Commercial Realty by 120.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,354 shares of the company’s stock worth $29,000 after acquiring an additional 739 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of ACRES Commercial Realty during the second quarter worth approximately $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of ACRES Commercial Realty during the second quarter worth approximately $60,000. MetLife Investment Management LLC bought a new stake in shares of ACRES Commercial Realty during the fourth quarter valued at approximately $76,000. Finally, Bank of America Corp DE grew its stake in shares of ACRES Commercial Realty by 110.4% during the second quarter. Bank of America Corp DE now owns 3,671 shares of the company’s stock valued at $66,000 after purchasing an additional 1,926 shares during the last quarter. 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.