Jones Trading Reaffirms “Hold” Rating for ACRES Commercial Realty (NYSE:ACR)

ACRES Commercial Realty (NYSE:ACR)‘s stock had its “hold” rating reaffirmed by stock analysts at Jones Trading in a note issued to investors on Thursday,Benzinga reports.

Separately, JMP Securities lifted their target price on shares of ACRES Commercial Realty to $22.00 and gave the stock a “buy” rating in a research report on Friday, March 7th.

ACRES Commercial Realty Price Performance

Shares of NYSE ACR opened at $22.90 on Thursday. ACRES Commercial Realty has a fifty-two week low of $11.13 and a fifty-two week high of $23.06. The firm’s 50-day simple moving average is $18.99 and its 200 day simple moving average is $17.06. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84. The stock has a market cap of $177.14 million, a price-to-earnings ratio of 27.26 and a beta of 2.12.

Insiders Place Their Bets

In related news, major shareholder Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $25.20, for a total value of $60,177.60. Following the sale, the insider now owns 426,358 shares of the company’s stock, valued at approximately $10,744,221.60. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 22,256 shares of company stock valued at $536,846 in the last 90 days. 4.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ACRES Commercial Realty

A number of hedge funds have recently modified their holdings of the stock. Gratia Capital LLC raised its holdings in shares of ACRES Commercial Realty by 1.3% in the 4th quarter. Gratia Capital LLC now owns 101,314 shares of the company’s stock worth $1,636,000 after purchasing an additional 1,314 shares during the period. O Shaughnessy Asset Management LLC grew its stake in ACRES Commercial Realty by 2.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company’s stock valued at $997,000 after buying an additional 1,458 shares in the last quarter. Barclays PLC grew its stake in ACRES Commercial Realty by 147.1% in the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after buying an additional 2,083 shares in the last quarter. Nokomis Capital L.L.C. grew its stake in ACRES Commercial Realty by 1.1% in the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock valued at $4,273,000 after buying an additional 2,889 shares in the last quarter. Finally, Biltmore Family Office LLC grew its stake in ACRES Commercial Realty by 24.8% in the 3rd quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock valued at $244,000 after buying an additional 3,100 shares in 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.