Barclays PLC Purchases 2,083 Shares of ACRES Commercial Realty Corp. (NYSE:ACR)

Barclays PLC lifted its holdings in ACRES Commercial Realty Corp. (NYSE:ACR) by 147.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,499 shares of the company’s stock after acquiring an additional 2,083 shares during the period. Barclays PLC’s holdings in ACRES Commercial Realty were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Biltmore Family Office LLC increased its holdings in ACRES Commercial Realty by 24.8% in the third quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock worth $244,000 after purchasing an additional 3,100 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of ACRES Commercial Realty by 23.0% during the 3rd quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock worth $404,000 after buying an additional 4,825 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ACRES Commercial Realty in the 3rd quarter valued at $177,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised their price target on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th.

Insider Activity

In related news, major shareholder Eagle Point Credit Management sold 10,601 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $23.38, for a total value of $247,851.38. Following the sale, the insider now owns 499,391 shares in the company, valued at $11,675,761.58. This represents a 2.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 65,487 shares of company stock worth $1,613,375 over the last quarter. 4.07% of the stock is currently owned by corporate insiders.

ACRES Commercial Realty Stock Performance

Shares of ACRES Commercial Realty stock opened at $17.38 on Friday. The business has a 50-day simple moving average of $16.64 and a 200 day simple moving average of $15.52. The firm has a market capitalization of $134.47 million, a price-to-earnings ratio of 20.69 and a beta of 2.07. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. ACRES Commercial Realty Corp. has a one year low of $9.47 and a one year high of $17.77.

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.