ACRES Commercial Realty (NYSE:ACR) Receives Hold Rating from Jones Trading

Jones Trading reissued their hold rating on shares of ACRES Commercial Realty (NYSE:ACR) in a research report sent to investors on Thursday morning,Benzinga reports.

Separately, JMP Securities raised their price objective 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 Performance

Shares of ACR stock opened at $22.37 on Thursday. The company has a market cap of $173.04 million, a price-to-earnings ratio of 26.63 and a beta of 2.12. ACRES Commercial Realty has a 52 week low of $11.02 and a 52 week high of $22.53. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The firm has a 50 day moving average of $18.87 and a 200-day moving average of $17.01.

Insider Transactions at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $25.20, for a total value of $60,177.60. Following the completion of the sale, the insider now owns 426,358 shares of the company’s stock, valued at approximately $10,744,221.60. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 22,256 shares of company stock valued at $536,846 in the last quarter. 4.07% of the stock is currently owned by company insiders.

Institutional Trading of ACRES Commercial Realty

Several hedge funds have recently bought and sold shares of the business. Nokomis Capital L.L.C. grew its position in ACRES Commercial Realty by 1.1% in the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock valued at $4,273,000 after purchasing an additional 2,889 shares during the period. Jane Street Group LLC acquired a new stake in ACRES Commercial Realty in the 4th quarter valued at $213,000. Northern Trust Corp grew its position in ACRES Commercial Realty by 32.5% in the 4th quarter. Northern Trust Corp now owns 39,671 shares of the company’s stock valued at $641,000 after purchasing an additional 9,738 shares during the period. Gratia Capital LLC grew its position in ACRES Commercial Realty by 1.3% in the 4th quarter. Gratia Capital LLC now owns 101,314 shares of the company’s stock valued at $1,636,000 after purchasing an additional 1,314 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in ACRES Commercial Realty in the 4th quarter valued at $829,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.