Barclays PLC Has $55,000 Stock Position in ACRES Commercial Realty Corp. (NYSE:ACR)

Barclays PLC grew its stake in shares of ACRES Commercial Realty Corp. (NYSE:ACR) by 147.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,499 shares of the company’s stock after acquiring an additional 2,083 shares during the period. Barclays PLC’s holdings in ACRES Commercial Realty were worth $55,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Biltmore Family Office LLC increased its holdings in shares of ACRES Commercial Realty by 24.8% during the third quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock worth $244,000 after purchasing an additional 3,100 shares during the period. Ritholtz Wealth Management increased its stake in ACRES Commercial Realty by 23.0% during the 3rd quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock worth $404,000 after acquiring an additional 4,825 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in ACRES Commercial Realty in the 3rd quarter valued at $177,000. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at ACRES Commercial Realty

In other news, major shareholder Eagle Point Credit Management sold 4,200 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $24.86, for a total value of $104,412.00. Following the completion of the sale, the insider now owns 502,795 shares of the company’s stock, valued at approximately $12,499,483.70. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 65,487 shares of company stock worth $1,613,375. 4.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, JMP Securities increased their price objective 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 Price Performance

ACRES Commercial Realty stock opened at $17.38 on Friday. The stock has a 50-day moving average price of $16.64 and a two-hundred day moving average price of $15.52. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. ACRES Commercial Realty Corp. has a 12 month low of $9.47 and a 12 month high of $17.77. The company has a market capitalization of $134.47 million, a PE ratio of 20.69 and a beta of 2.07.

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.