Short Interest in ACRES Commercial Realty Corp. (NYSE:ACR) Increases By 51.8%

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 12,600 shares, an increase of 51.8% from the February 28th total of 8,300 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,700 shares, the short-interest ratio is currently 0.4 days.

ACRES Commercial Realty Price Performance

Shares of ACRES Commercial Realty stock traded down $0.70 during trading on Thursday, reaching $20.80. 32,101 shares of the company's stock were exchanged, compared to its average volume of 21,625. 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 has a 1-year low of $12.33 and a 1-year high of $23.81. The company has a market cap of $155.08 million, a P/E ratio of 24.76 and a beta of 2.12. The firm's 50-day moving average price is $20.26 and its 200 day moving average price is $17.69.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACR. JMP Securities increased their price objective on shares of ACRES Commercial Realty to $22.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Jones Trading reiterated a "hold" rating on shares of ACRES Commercial Realty in a research report on Thursday, March 13th.

Insider Activity

In related news, major shareholder Eagle Point Credit Management sold 8,657 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $22.47, for a total value of $194,522.79. Following the transaction, the insider now owns 877,539 shares in the company, valued at approximately $19,718,301.33. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 32,150 shares of company stock worth $729,958. Corporate insiders own 4.07% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of ACRES Commercial Realty by 147.1% during the 3rd quarter. Barclays PLC now owns 3,499 shares of the company's stock valued at $55,000 after purchasing an additional 2,083 shares during the last quarter. Sei Investments Co. bought a new stake in shares of ACRES Commercial Realty during the fourth quarter worth $162,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ACRES Commercial Realty during the third quarter worth $177,000. Jane Street Group LLC bought a new position in shares of ACRES Commercial Realty in the 4th quarter valued at $213,000. Finally, Biltmore Family Office LLC raised its position in ACRES Commercial Realty by 41.7% in the fourth quarter. Biltmore Family Office LLC now owns 22,104 shares of the company's stock valued at $357,000 after purchasing an additional 6,504 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

About ACRES Commercial Realty

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.