ACRES Commercial Realty's (ACR) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• ACRES Commercial Realty's stock has been given a "Hold (C-)" rating by Weiss Ratings, reflecting cautious sentiment from analysts.
• JMP Securities raised the price target on ACRES Commercial Realty from $22.00 to $23.50, indicating a positive outlook with a "market outperform" rating.
• Insider trading activity saw major shareholder Eagle Point Credit Management sell 2,500 shares at an average price of $22.68 recently, reducing their ownership by 0.32%.

ACRES Commercial Realty (NYSE:ACR - Get Free Report)'s stock had its "hold (c-)" rating reissued by research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Separately, JMP Securities increased their price target on shares of ACRES Commercial Realty from $22.00 to $23.50 and gave the company a "market outperform" rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $23.50.

ACRES Commercial Realty Price Performance

ACRES Commercial Realty stock traded up $0.14 during midday trading on Friday, reaching $19.41. 5,400 shares of the stock were exchanged, compared to its average volume of 34,220. The company's fifty day moving average is $20.64 and its 200-day moving average is $19.11. The company has a debt-to-equity ratio of 3.01, a quick ratio of 69.53 and a current ratio of 69.53. The firm has a market cap of $144.22 million, a PE ratio of -970.06 and a beta of 1.80. ACRES Commercial Realty has a 52 week low of $14.87 and a 52 week high of $23.81.

Insiders Place Their Bets

In related news, major shareholder Eagle Point Credit Management sold 2,500 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $22.68, for a total value of $56,700.00. Following the sale, the insider owned 771,484 shares in the company, valued at approximately $17,497,257.12. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 57,812 shares of company stock valued at $1,297,472 in the last quarter. Insiders own 3.92% of the company's stock.

Institutional Trading of ACRES Commercial Realty

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in ACRES Commercial Realty by 125.1% in the second 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 period. Gratia Capital LLC increased its holdings in ACRES Commercial Realty by 64.3% in the 2nd quarter. Gratia Capital LLC now owns 125,994 shares of the company's stock worth $2,260,000 after buying an additional 49,312 shares during the period. Informed Momentum Co LLC acquired a new position in ACRES Commercial Realty in the 1st quarter worth approximately $697,000. Raymond James Financial Inc. boosted its position in ACRES Commercial Realty by 60.6% in the 2nd quarter. Raymond James Financial Inc. now owns 78,150 shares of the company's stock worth $1,402,000 after purchasing an additional 29,503 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in ACRES Commercial Realty by 16.8% in the 2nd quarter. Acadian Asset Management LLC now owns 182,679 shares of the company's stock worth $3,272,000 after purchasing an additional 26,226 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.

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