Wall Street Zen Downgrades ACRES Commercial Realty (NYSE:ACR) to Sell

ACRES Commercial Realty (NYSE:ACR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

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

ACRES Commercial Realty Stock Down 0.6%

ACR opened at $18.55 on Friday. The company has a fifty day moving average of $19.85 and a two-hundred day moving average of $20.67. The stock has a market capitalization of $135.19 million, a price-to-earnings ratio of 19.32 and a beta of 1.19. ACRES Commercial Realty has a fifty-two week low of $16.51 and a fifty-two 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.

Insiders Place Their Bets

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 13,979 shares of ACRES Commercial Realty stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $24.93, for a total transaction of $348,496.47. Following the sale, the insider owned 363,830 shares of the company’s stock, valued at $9,070,281.90. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 48,679 shares of company stock valued at $1,168,012. Company insiders own 3.92% of the company’s stock.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of institutional investors and hedge funds have recently bought and sold shares of ACR. Royal Bank of Canada grew its stake in ACRES Commercial Realty by 524.2% during the 4th quarter. Royal Bank of Canada now owns 5,349 shares of the company’s stock valued at $114,000 after acquiring an additional 4,492 shares in the last quarter. Barclays PLC boosted its holdings in shares of ACRES Commercial Realty by 10.8% during the 4th quarter. Barclays PLC now owns 9,610 shares of the company’s stock worth $205,000 after purchasing an additional 939 shares during the last quarter. State Street Corp grew its position in shares of ACRES Commercial Realty by 8.5% in the fourth quarter. State Street Corp now owns 86,053 shares of the company’s stock valued at $1,836,000 after purchasing an additional 6,713 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of ACRES Commercial Realty by 49.6% in the fourth quarter. Wells Fargo & Company MN now owns 6,883 shares of the company’s stock valued at $147,000 after purchasing an additional 2,281 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new position in ACRES Commercial Realty during the fourth quarter worth approximately $76,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.