ACRES Commercial Realty (NYSE:ACR) Shares Climb 0.9% – Should You Buy?

ACRES Commercial Realty Corp. (NYSE:ACR) shares traded up 0.9% during trading on Monday. The stock traded as high as $10.61 and last traded at $10.5480. Approximately 59,417 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 57,291 shares. The stock had previously closed at $10.45.

Analyst Ratings Changes

A number of analysts recently weighed in on ACR shares. Weiss Ratings downgraded ACRES Commercial Realty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 14th. Zacks Research upgraded ACRES Commercial Realty from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Wall Street Zen downgraded ACRES Commercial Realty from a “hold” rating to a “sell” rating in a report on Sunday, July 5th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ACRES Commercial Realty currently has an average rating of “Hold” and an average price target of $24.50.

ACRES Commercial Realty Trading Down 1.4%

The company has a quick ratio of 108.63, a current ratio of 108.63 and a debt-to-equity ratio of 3.24. The business’s fifty day moving average is $13.07 and its 200 day moving average is $16.84. The stock has a market cap of $71.23 million, a PE ratio of -8.92 and a beta of 1.10.

ACRES Commercial Realty (NYSE:ACR) last issued its earnings results on Wednesday, July 29th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.92). The company had revenue of $20.98 million during the quarter, compared to analysts’ expectations of $20.32 million. ACRES Commercial Realty had a net margin of 22.62% and a return on equity of 2.42%. As a group, analysts predict that ACRES Commercial Realty Corp. will post 0.15 earnings per share for the current year.

Insider Buying and Selling at ACRES Commercial Realty

In other news, major shareholder Eagle Point Credit Management sold 2,212 shares of ACRES Commercial Realty stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $21.80, for a total transaction of $48,221.60. Following the completion of the transaction, the insider owned 716,679 shares of the company’s stock, valued at $15,623,602.20. The trade was a 0.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 4,897 shares of company stock valued at $106,725 in the last three months. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On ACRES Commercial Realty

A number of large investors have recently added to or reduced their stakes in ACR. GM Advisory Group LLC acquired a new position in ACRES Commercial Realty during the first quarter worth about $223,000. Bank of New York Mellon Corp purchased a new stake in shares of ACRES Commercial Realty in the second quarter valued at about $256,000. Finally, Janney Montgomery Scott LLC grew its position in shares of ACRES Commercial Realty by 2.3% in the first quarter. Janney Montgomery Scott LLC now owns 46,278 shares of the company’s stock valued at $894,000 after purchasing an additional 1,019 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp. (NYSE: ACR) is a real estate investment trust focused on commercial real estate finance. The company primarily invests in and originates commercial real estate mortgage loans and other debt-related investments secured by properties in the United States.

Its portfolio may include loans backed by multifamily, office, industrial, retail, hospitality and other commercial properties. Through its lending and investment activities, ACRES provides financing to property owners and developers, with an emphasis on transitional and other commercial real estate opportunities.

The company was formerly known as Exantas Capital Corp.