ACRES Commercial Realty (NYSE:ACR) Shares Down 1.2% - Here's Why

Key Points

• ACRES Commercial Realty shares fell 1.2% to $13.395, below both the 50-day average of $15.64 and the 200-day average of $17.97.
• Analyst sentiment is mixed but leans toward caution: the stock has a consensus “Hold” rating and a $24.50 average price target, while recent ratings included downgrades to “Sell.”
• The company reported a quarterly loss of $0.74 per share, missing the $0.18 consensus estimate by $0.92, although revenue of $20.98 million exceeded expectations.

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report)'s share price fell 1.2% during trading on Monday . The company traded as low as $13.37 and last traded at $13.3950. 25,961 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 28,363 shares. The stock had previously closed at $13.56.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ACR shares. Zacks Research raised ACRES Commercial Realty from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Wall Street Zen cut shares of ACRES Commercial Realty from a "hold" rating to a "sell" rating in a research note on Sunday, July 5th. Finally, Weiss Ratings lowered shares of ACRES Commercial Realty from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $24.50.

ACRES Commercial Realty Price Performance

The company has a debt-to-equity ratio of 3.24, a current ratio of 108.63 and a quick ratio of 108.63. The stock has a 50 day simple moving average of $15.64 and a two-hundred day simple moving average of $17.97. The company has a market cap of $95.51 million, a price-to-earnings ratio of -11.96 and a beta of 1.06.

ACRES Commercial Realty (NYSE:ACR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.74) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $20.32 million. On average, equities research analysts predict that ACRES Commercial Realty Corp. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 2,212 shares of the business's 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 transaction, the insider directly owned 716,679 shares in the company, valued at $15,623,602.20. The trade was a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 6,973 shares of company stock worth $153,435 over the last quarter. 4.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in shares of ACRES Commercial Realty during the 2nd quarter worth approximately $256,000. GM Advisory Group LLC purchased a new stake in ACRES Commercial Realty in the first quarter valued at approximately $223,000. California State Teachers Retirement System acquired a new position in ACRES Commercial Realty during the second quarter worth $25,000. Finally, Janney Montgomery Scott LLC lifted its stake in ACRES Commercial Realty by 2.3% during the first quarter. Janney Montgomery Scott LLC now owns 46,278 shares of the company's stock worth $894,000 after purchasing an additional 1,019 shares in the last quarter. 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.

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