Biltmore Family Office LLC Purchases 6,504 Shares of ACRES Commercial Realty Corp. (NYSE:ACR)

Biltmore Family Office LLC increased its position in shares of ACRES Commercial Realty Corp. (NYSE:ACR) by 41.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,104 shares of the company’s stock after buying an additional 6,504 shares during the period. Biltmore Family Office LLC owned 0.29% of ACRES Commercial Realty worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its holdings in 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 period. Sei Investments Co. bought a new position in ACRES Commercial Realty during the fourth quarter worth $162,000. Bank of New York Mellon Corp acquired a new position in ACRES Commercial Realty during the 4th quarter valued at $412,000. Arrowstreet Capital Limited Partnership grew its position in ACRES Commercial Realty by 25.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 31,976 shares of the company’s stock worth $516,000 after purchasing an additional 6,393 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ACRES Commercial Realty during the 4th quarter worth about $829,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ACR. JMP Securities lifted their target price on ACRES Commercial Realty to $22.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Jones Trading restated a “hold” rating on shares of ACRES Commercial Realty in a research report on Thursday, March 13th.

Insider Buying and Selling at ACRES Commercial Realty

In other news, major shareholder Eagle Point Credit Management sold 9,937 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $23.08, for a total transaction of $229,345.96. Following the completion of the sale, the insider now owns 866,466 shares of the company’s stock, valued at approximately $19,998,035.28. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 32,150 shares of company stock valued at $729,958. 4.07% of the stock is currently owned by corporate insiders.

ACRES Commercial Realty Price Performance

NYSE:ACR opened at $21.54 on Thursday. The company has a market capitalization of $160.60 million, a price-to-earnings ratio of 25.64 and a beta of 2.12. The company has a 50-day moving average of $20.20 and a 200-day moving average of $17.67. ACRES Commercial Realty Corp. has a 52 week low of $12.33 and a 52 week high of $23.81. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84.

ACRES Commercial Realty 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.