ACRES Commercial Realty (NYSE:ACR) Shares Up 0.4% – Still a Buy?

Shares of ACRES Commercial Realty Corp. (NYSE:ACR) shot up 0.4% during trading on Friday . The stock traded as high as $19.70 and last traded at $19.5990. 13,435 shares were traded during mid-day trading, a decline of 36% from the average session volume of 21,019 shares. The stock had previously closed at $19.52.

Analyst Ratings Changes

Several brokerages recently commented on ACR. Weiss Ratings raised ACRES Commercial Realty from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wall Street Zen raised ACRES Commercial Realty from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ACRES Commercial Realty currently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

ACRES Commercial Realty Price Performance

The stock has a market capitalization of $139.76 million, a P/E ratio of 30.15 and a beta of 1.10. The company has a debt-to-equity ratio of 3.36, a quick ratio of 164.62 and a current ratio of 164.62. The stock has a 50-day simple moving average of $19.91 and a 200 day simple moving average of $20.37.

ACRES Commercial Realty (NYSE:ACR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $17.82 million for the quarter, compared to analyst estimates of $20.55 million. ACRES Commercial Realty had a return on equity of 5.61% and a net margin of 37.20%. On average, equities analysts forecast that ACRES Commercial Realty Corp. will post 0.25 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 3,142 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $21.80, for a total value of $68,495.60. Following the transaction, the insider directly owned 741,977 shares in the company, valued at approximately $16,175,098.60. This trade represents a 0.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 13,436 shares of company stock valued at $312,022. 4.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Eagle Point Credit Management LLC bought a new position in shares of ACRES Commercial Realty in the 4th quarter worth $25,118,000. Oaktree Capital Management LP bought a new position in shares of ACRES Commercial Realty in the 3rd quarter worth $8,282,000. Vanguard Group Inc. boosted its position in shares of ACRES Commercial Realty by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 383,696 shares of the company’s stock worth $8,119,000 after purchasing an additional 11,465 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ACRES Commercial Realty by 125.1% in the 2nd quarter. Geode Capital Management LLC now owns 137,996 shares of the company’s stock worth $2,476,000 after purchasing an additional 76,688 shares during the last quarter. Finally, State Street Corp boosted its position in shares of ACRES Commercial Realty by 8.5% in the 4th quarter. State Street Corp now owns 86,053 shares of the company’s stock worth $1,836,000 after purchasing an additional 6,713 shares during the last quarter. 40.03% of the stock is currently 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.