ACRES Commercial Realty (NYSE:ACR) Stock Rating Upgraded by Zacks Research

ACRES Commercial Realty (NYSE:ACR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also commented on ACR. Wall Street Zen lowered ACRES Commercial Realty from a “hold” rating to a “sell” rating in a research note on Sunday, July 5th. Weiss Ratings downgraded shares of ACRES Commercial Realty from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ACRES Commercial Realty presently has a consensus rating of “Hold” and a consensus target price of $24.50.

ACRES Commercial Realty Stock Performance

NYSE ACR opened at $14.93 on Monday. The firm has a 50-day moving average price of $16.88 and a two-hundred day moving average price of $18.58. ACRES Commercial Realty has a 12-month low of $13.83 and a 12-month high of $24.61. The company has a market capitalization of $106.42 million, a P/E ratio of -13.33 and a beta of 1.08. The company has a quick ratio of 108.63, a current ratio of 108.63 and a debt-to-equity ratio of 3.24.

ACRES Commercial Realty (NYSE:ACR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.92). ACRES Commercial Realty had a return on equity of 2.42% and a net margin of 22.62%.The company had revenue of $20.98 million during the quarter, compared to the consensus estimate of $20.32 million. Analysts anticipate that ACRES Commercial Realty will post 0.15 earnings per share for the current year.

Insider Activity at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 2,212 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $21.80, for a total value of $48,221.60. Following the completion of the sale, the insider owned 716,679 shares in the company, valued at approximately $15,623,602.20. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 21,773 shares of company stock valued at $517,787 in the last three months. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of ACRES Commercial Realty

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of ACRES Commercial Realty by 120.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,354 shares of the company’s stock valued at $29,000 after acquiring an additional 739 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of ACRES Commercial Realty during the second quarter worth about $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of ACRES Commercial Realty during the second quarter worth about $60,000. Bank of America Corp DE increased 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 worth $66,000 after purchasing an additional 1,926 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new position in shares of ACRES Commercial Realty in the fourth quarter worth approximately $76,000. 40.03% of the stock is currently owned by hedge funds and other 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.