Squarepoint Ops LLC Makes New $167,000 Investment in ACRES Commercial Realty Corp. (NYSE:ACR)

Squarepoint Ops LLC bought a new position in ACRES Commercial Realty Corp. (NYSE:ACR) in the second quarter, HoldingsChannel reports. The fund bought 10,398 shares of the company’s stock, valued at approximately $167,000.

A number of other large investors have also modified their holdings of ACR. JPMorgan Chase & Co. purchased a new stake in shares of ACRES Commercial Realty during the 1st quarter valued at about $28,000. UBS Group AG purchased a new stake in shares of ACRES Commercial Realty during the 1st quarter valued at about $53,000. Renaissance Technologies LLC purchased a new stake in shares of ACRES Commercial Realty during the 2nd quarter valued at about $165,000. Royal Bank of Canada purchased a new stake in shares of ACRES Commercial Realty during the 1st quarter valued at about $203,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of ACRES Commercial Realty during the 2nd quarter valued at about $211,000. 51.36% of the stock is owned by institutional investors and hedge funds.

ACRES Commercial Realty stock opened at $14.26 on Thursday. The firm has a 50 day moving average of $15.57 and a 200 day moving average of $16.15. The firm has a market capitalization of $134.39 million, a price-to-earnings ratio of 4.77 and a beta of 1.87. ACRES Commercial Realty Corp. has a 12-month low of $10.38 and a 12-month high of $18.43. The company has a current ratio of 263.52, a quick ratio of 263.53 and a debt-to-equity ratio of 3.62.

ACRES Commercial Realty (NYSE:ACR) last released its earnings results on Monday, November 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.64). ACRES Commercial Realty had a return on equity of 1.45% and a net margin of 104.89%. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, analysts predict that ACRES Commercial Realty Corp. will post 1.13 EPS for the current year.

Several equities research analysts have recently commented on the stock. TheStreet lowered shares of ACRES Commercial Realty from a “c” rating to a “d+” rating in a research report on Friday, November 5th. JMP Securities reduced their target price on shares of ACRES Commercial Realty from $20.00 to $19.00 and set a “market outperform” rating for the company in a report on Friday, November 5th. Finally, Zacks Investment Research lowered shares of ACRES Commercial Realty from a “buy” rating to a “hold” rating in a report on Monday, October 18th.

About ACRES Commercial Realty

ACRES Commercial Realty Corp. is a real estate investment trust, which engages in the origination, holding, and management of commercial mortgage loans, and commercial real estate related debt investments. The company was founded in 2005 and is headquartered in New York, NY.

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Want to see what other hedge funds are holding ACR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACRES Commercial Realty Corp. (NYSE:ACR).

Institutional Ownership by Quarter for ACRES Commercial Realty (NYSE:ACR)

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