ACRES Commercial Realty Corp. (NYSE:ACR) Short Interest Update

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 52,200 shares, an increase of 37.4% from the September 15th total of 38,000 shares. Based on an average trading volume of 18,600 shares, the days-to-cover ratio is currently 2.8 days. Approximately 0.8% of the company's shares are sold short.

ACRES Commercial Realty Trading Up 0.1 %

Shares of ACR traded up $0.02 during trading hours on Tuesday, hitting $15.53. 17,317 shares of the stock were exchanged, compared to its average volume of 21,593. ACRES Commercial Realty has a fifty-two week low of $6.62 and a fifty-two week high of $16.13. The company has a debt-to-equity ratio of 3.56, a current ratio of 100.49 and a quick ratio of 100.49. The business has a 50-day moving average of $15.58 and a 200-day moving average of $14.22. The firm has a market capitalization of $123.60 million, a P/E ratio of 22.16 and a beta of 2.05.

Insider Buying and Selling at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 15,096 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $24.86, for a total value of $375,286.56. Following the completion of the transaction, the insider now directly owns 623,594 shares in the company, valued at approximately $15,502,546.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 101,173 shares of company stock worth $2,487,360. 4.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ACRES Commercial Realty

Several large investors have recently modified their holdings of ACR. Janney Montgomery Scott LLC acquired a new stake in shares of ACRES Commercial Realty during the first quarter worth $172,000. Acadian Asset Management LLC grew its holdings in ACRES Commercial Realty by 19.2% in the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company's stock worth $1,480,000 after purchasing an additional 16,986 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in ACRES Commercial Realty in the first quarter worth $580,000. Nokomis Capital L.L.C. acquired a new stake in ACRES Commercial Realty in the first quarter worth $3,729,000. Finally, Ritholtz Wealth Management grew its holdings in ACRES Commercial Realty by 17.0% in the second quarter. Ritholtz Wealth Management now owns 20,944 shares of the company's stock worth $267,000 after purchasing an additional 3,043 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities upped their price target on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the company a "market outperform" rating in a research report on Wednesday, September 25th.

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.