ACRES Commercial Realty Corp. (NYSE:ACR) Sees Significant Growth in Short Interest

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 23,200 shares, a growth of 84.1% from the March 15th total of 12,600 shares. Based on an average daily trading volume, of 37,300 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

ACRES Commercial Realty Stock Performance

ACR traded down $0.49 during trading on Friday, reaching $17.07. 32,285 shares of the company's stock were exchanged, compared to its average volume of 22,094. ACRES Commercial Realty has a fifty-two week low of $12.33 and a fifty-two week high of $23.81. The company has a market capitalization of $126.22 million, a P/E ratio of 20.32 and a beta of 1.56. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The business has a 50 day moving average price of $20.21 and a 200 day moving average price of $17.89.

Insider Activity at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 7,335 shares of ACRES Commercial Realty stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $22.40, for a total transaction of $164,304.00. Following the transaction, the insider now directly owns 889,031 shares in the company, valued at approximately $19,914,294.40. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 32,150 shares of company stock worth $729,958 in the last 90 days. Corporate insiders own 4.07% of the company's stock.

Institutional Investors Weigh In On ACRES Commercial Realty

A number of institutional investors have recently added to or reduced their stakes in ACR. Nokomis Capital L.L.C. boosted its stake in shares of ACRES Commercial Realty by 1.1% in the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company's stock valued at $4,273,000 after purchasing an additional 2,889 shares in the last quarter. Gratia Capital LLC grew its holdings in shares of ACRES Commercial Realty by 1.3% during the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company's stock worth $1,636,000 after purchasing an additional 1,314 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of ACRES Commercial Realty by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company's stock valued at $997,000 after buying an additional 1,458 shares in the last quarter. Raymond James Financial Inc. acquired a new position in ACRES Commercial Realty during the 4th quarter worth about $829,000. Finally, Northern Trust Corp grew its holdings in ACRES Commercial Realty by 32.5% during the 4th quarter. Northern Trust Corp now owns 39,671 shares of the company's stock worth $641,000 after acquiring an additional 9,738 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on ACR shares. JMP Securities increased their price objective on ACRES Commercial Realty to $22.00 and gave the company a "buy" rating in a report on Friday, March 7th. Jones Trading reaffirmed a "hold" rating on shares of ACRES Commercial Realty in a research report on Thursday, March 13th.

ACRES Commercial Realty Company 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.