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

ACRES Commercial Realty (NYSE:ACR) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings lowered shares of ACRES Commercial Realty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Zacks Research upgraded shares of ACRES Commercial Realty to a “hold” rating in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.50.

ACRES Commercial Realty Price Performance

Shares of NYSE:ACR opened at $20.40 on Friday. The company has a 50 day moving average of $18.98 and a 200 day moving average of $20.25. The stock has a market cap of $145.42 million, a P/E ratio of 2,041.64 and a beta of 1.11. ACRES Commercial Realty has a 12 month low of $16.51 and a 12 month high of $24.61. The company has a current ratio of 135.18, a quick ratio of 135.18 and a debt-to-equity ratio of 2.81.

Insider Transactions at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 2,954 shares of ACRES Commercial Realty stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $22.07, for a total transaction of $65,194.78. Following the completion of the sale, the insider directly owned 739,023 shares in the company, valued at $16,310,237.61. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 25,986 shares of company stock worth $599,341 in the last three months. Insiders own 3.92% of the company’s stock.

Institutional Investors Weigh In On ACRES Commercial Realty

Several hedge funds have recently bought and sold shares of ACR. Cubist Systematic Strategies LLC bought a new stake in ACRES Commercial Realty during the first quarter valued at approximately $133,000. Goldman Sachs Group Inc. bought a new stake in shares of ACRES Commercial Realty in the 1st quarter worth approximately $488,000. Jane Street Group LLC lifted its holdings in shares of ACRES Commercial Realty by 190.8% in the 1st quarter. Jane Street Group LLC now owns 38,434 shares of the company’s stock worth $833,000 after acquiring an additional 25,216 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of ACRES Commercial Realty by 125.1% in the 2nd quarter. Geode Capital Management LLC now owns 137,996 shares of the company’s stock worth $2,476,000 after acquiring an additional 76,688 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of ACRES Commercial Realty in the 2nd quarter worth approximately $52,000. 40.03% of the stock is currently owned by institutional investors.

About ACRES Commercial Realty

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.