ACRES Commercial Realty (NYSE:ACR) Given Hold Rating at Jones Trading

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

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

ACRES Commercial Realty Price Performance

NYSE ACR opened at $22.06 on Thursday. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $170.64 million, a PE ratio of 26.26 and a beta of 2.12. ACRES Commercial Realty has a 12-month low of $11.02 and a 12-month high of $22.40. The company has a 50 day moving average price of $18.76 and a two-hundred day moving average price of $16.97.

Insider Activity at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 4,186 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.13, for a total value of $105,194.18. Following the completion of the sale, the insider now directly owns 442,751 shares of the company’s stock, valued at $11,126,332.63. This represents a 0.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 22,386 shares of company stock worth $539,844 in the last 90 days. 4.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in ACRES Commercial Realty by 147.1% during the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock worth $55,000 after buying an additional 2,083 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ACRES Commercial Realty during the 3rd quarter worth approximately $177,000. Biltmore Family Office LLC increased its position 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 valued at $244,000 after purchasing an additional 3,100 shares during the period. Nokomis Capital L.L.C. raised its stake in shares of ACRES Commercial Realty by 1.1% in the fourth quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock valued at $4,273,000 after purchasing an additional 2,889 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in ACRES Commercial Realty during the fourth quarter worth $829,000. 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.