ACRES Commercial Realty (NYSE:ACR) downgraded by Zacks Investment Research

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Zacks Investment Research cut shares by ACRES Commercial Realty (NYSE: ACR – Get Appraisal) from a buy rating to a hold rating in a research rating released Friday, Zacks.com reports.

According to Zacks, “ACRES Commercial Realty Corp. is a real estate investment trust primarily focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments. The company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender focused exclusively on middle-market CRE lending, with a focus on multifamily housing, student housing, l hospitality, industry and offices. ACRES Commercial Realty Corp., formerly known as Exantas Capital Corp., is based in WESTBURY, NY”

The ACR traded down $0.18 on Friday, hitting $11.85. 9,362 shares of the company have been traded, against an average volume of 12,924. The company has a fifty-day simple moving average of $12.51 and a two-hundred-day simple moving average of $13.00. The company has a debt ratio of 4.05, a quick ratio of 161.95 and a current ratio of 161.95. ACRES Commercial Realty has a 12 month minimum of $10.75 and a 12 month maximum of $18.43. The stock has a market capitalization of $104.40 million, a PE ratio of 25.21 and a beta of 1.88.

ACRES Commercial Realty (NYSE:ACR – Get Rating) last released its quarterly results on Thursday, May 5. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 per ($0.42). ACRES Commercial Realty had a return on equity of 0.95% and a net margin of 58.05%. During the same period of the previous year, the company achieved EPS of ($0.01). On average, stock analysts expect ACRES Commercial Realty to post earnings per share of 0.85 for the current year.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in ACRES Commercial Realty in Q4 for approximately $85,000. Wealthsource Partners LLC acquired a new stake in ACRES Commercial Realty in Q3 valued at approximately $162,000. Renaissance Technologies LLC acquired a new stake in ACRES Commercial Realty in Q4 for a value of approximately $171,000. Arrowstreet Capital Limited Partnership acquired a new stake in ACRES Commercial Realty in Q3 valued at approximately $196,000. Finally, Wiley BROS. Aintree Capital LLC increased its holdings in ACRES Commercial Realty by 64.2% in Q1. Wiley Bros. Aintree Capital LLC now owns 18,903 shares of the company worth $253,000 after purchasing an additional 7,390 shares during the period. Institutional investors and hedge funds own 42.73% of the company’s shares.

About ACRES Commercial Realty (Get an assessment)

ACRES Commercial Realty Corp., a real estate investment trust (REIT), is focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate related assets, including variable and fixed rate first mortgages, senior interests in first mortgages, subordinate interests in first mortgages, mezzanine, preferred equity investments, commercial mortgage-backed securities and commercial real estate. real estate stocks and preferred stock investments.

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