ACRES Commercial Realty (NYSE:ACR) Given “Hold” Rating at Jones Trading

ACRES Commercial Realty (NYSE:ACR)‘s stock had its “hold” rating restated by stock analysts at Jones Trading in a report issued on Thursday,Benzinga reports.

Separately, JMP Securities upped their target price on shares of ACRES Commercial Realty to $22.00 and gave the stock a “buy” rating in a research report on Friday, March 7th.

ACRES Commercial Realty Stock Up 2.2 %

Shares of NYSE:ACR opened at $22.90 on Thursday. ACRES Commercial Realty has a 52-week low of $11.13 and a 52-week high of $23.06. The firm has a fifty day moving average of $18.99 and a 200 day moving average of $17.06. The firm has a market capitalization of $177.14 million, a PE ratio of 27.26 and a beta of 2.12. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84.

Insiders Place Their Bets

In other news, major shareholder Eagle Point Credit Management sold 6,816 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $24.77, for a total transaction of $168,832.32. Following the completion of the transaction, the insider now directly owns 434,574 shares of the company’s stock, valued at approximately $10,764,397.98. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 22,256 shares of company stock valued at $536,846 over the last three months. Insiders own 4.07% of the company’s stock.

Hedge Funds Weigh In On ACRES Commercial Realty

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in shares of ACRES Commercial Realty by 147.1% during the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after acquiring an additional 2,083 shares during the last quarter. Sei Investments Co. bought a new position in shares of ACRES Commercial Realty during the fourth quarter valued at about $162,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ACRES Commercial Realty during the third quarter valued at about $177,000. Jane Street Group LLC bought a new position in shares of ACRES Commercial Realty during the fourth quarter valued at about $213,000. Finally, Biltmore Family Office LLC increased its position in shares of ACRES Commercial Realty by 24.8% during the third quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock valued at $244,000 after buying an additional 3,100 shares during the period. 40.03% of the stock is owned by 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.