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

Wall Street Zen lowered shares of ACRES Commercial Realty (NYSE:ACR) from a hold rating to a sell rating in a research note published on Saturday.

Several other research firms also recently commented on ACR. Weiss Ratings reissued a “hold (c)” rating on shares of ACRES Commercial Realty in a report on Monday, December 29th. Zacks Research upgraded shares of ACRES Commercial Realty to a “hold” rating in a research note on Friday, December 19th. Citizens Jmp set a $24.50 price objective on shares of ACRES Commercial Realty in a research report on Friday, October 31st. Finally, Citigroup reaffirmed an “outperform” rating on shares of ACRES Commercial Realty in a report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.50.

ACRES Commercial Realty Stock Performance

ACR opened at $18.55 on Friday. The business’s 50-day simple moving average is $19.85 and its 200 day simple moving average is $20.66. ACRES Commercial Realty has a 52-week low of $16.51 and a 52-week high of $24.61. The company has a debt-to-equity ratio of 2.73, a quick ratio of 104.99 and a current ratio of 104.99. The firm has a market capitalization of $135.19 million, a PE ratio of 19.32 and a beta of 1.19.

Insider Buying and Selling

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 13,979 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $24.93, for a total value of $348,496.47. Following the transaction, the insider directly owned 363,830 shares of the company’s stock, valued at $9,070,281.90. This represents a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 53,733 shares of company stock valued at $1,295,373. 3.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ACRES Commercial Realty

A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of ACRES Commercial Realty by 120.2% during the third quarter. BNP Paribas Financial Markets now owns 1,354 shares of the company’s stock worth $29,000 after purchasing an additional 739 shares during the period. JPMorgan Chase & Co. bought a new position in ACRES Commercial Realty during the 2nd quarter worth $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of ACRES Commercial Realty during the second quarter worth $60,000. Bank of America Corp DE boosted its position in shares of ACRES Commercial Realty by 110.4% in the second quarter. Bank of America Corp DE now owns 3,671 shares of the company’s stock valued at $66,000 after acquiring an additional 1,926 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in shares of ACRES Commercial Realty in the fourth quarter valued at about $76,000. 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.