Renaissance Technologies LLC Sells 32,178 Shares of ACRES Commercial Realty Corp. (NYSE:ACR)

Renaissance Technologies LLC lowered its holdings in shares of ACRES Commercial Realty Corp. (NYSE:ACR) by 39.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,094 shares of the company’s stock after selling 32,178 shares during the quarter. Renaissance Technologies LLC owned approximately 0.63% of ACRES Commercial Realty worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Nokomis Capital L.L.C. purchased a new position in shares of ACRES Commercial Realty in the first quarter valued at about $3,729,000. Acadian Asset Management LLC lifted its holdings in ACRES Commercial Realty by 19.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock worth $1,480,000 after purchasing an additional 16,986 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in ACRES Commercial Realty in the 1st quarter worth approximately $580,000. Ritholtz Wealth Management boosted its stake in ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after purchasing an additional 3,043 shares during the period. Finally, Biltmore Family Office LLC purchased a new stake in ACRES Commercial Realty during the 2nd quarter valued at approximately $160,000. Institutional investors own 40.03% of the company’s stock.

ACRES Commercial Realty Stock Performance

NYSE:ACR opened at $15.31 on Wednesday. The firm has a market capitalization of $121.85 million, a PE ratio of 21.87 and a beta of 2.05. The stock’s fifty day moving average is $15.51 and its 200 day moving average is $14.15. ACRES Commercial Realty Corp. has a fifty-two week low of $6.62 and a fifty-two week high of $16.13. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49.

Insider Transactions at ACRES Commercial Realty

In other news, major shareholder Eagle Point Credit Management sold 5,159 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $25.22, for a total transaction of $130,109.98. Following the transaction, the insider now owns 524,357 shares of the company’s stock, valued at approximately $13,224,283.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 103,639 shares of company stock worth $2,548,105. Insiders own 4.07% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities boosted their price target on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a research note on Wednesday, September 25th.

ACRES Commercial Realty 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.