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

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 49,500 shares, a growth of 32.4% from the April 30th total of 37,400 shares. Based on an average trading volume of 41,600 shares, the short-interest ratio is presently 1.2 days. Approximately 0.8% of the shares of the company are sold short.

Insider Buying and Selling at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 9,937 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $23.08, for a total transaction of $229,345.96. Following the transaction, the insider now owns 866,466 shares in the company, valued at approximately $19,998,035.28. This represents a 1.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 24,004 shares of company stock worth $545,460. Company insiders own 3.92% of the company's stock.

Hedge Funds Weigh In On ACRES Commercial Realty

Several institutional investors have recently made changes to their positions in ACR. Raymond James Financial Inc. purchased a new stake in ACRES Commercial Realty in the 4th quarter worth approximately $829,000. Informed Momentum Co LLC purchased a new stake in ACRES Commercial Realty in the 1st quarter worth approximately $697,000. Bank of New York Mellon Corp purchased a new stake in ACRES Commercial Realty in the 4th quarter worth approximately $412,000. Jane Street Group LLC increased its holdings in ACRES Commercial Realty by 190.8% in the 1st quarter. Jane Street Group LLC now owns 38,434 shares of the company's stock worth $833,000 after acquiring an additional 25,216 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in ACRES Commercial Realty in the 1st quarter worth approximately $488,000. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on ACR. JMP Securities upped their target price on shares of ACRES Commercial Realty to $22.00 and gave the company 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 note on Thursday, March 13th.

ACRES Commercial Realty Stock Performance

Shares of NYSE:ACR traded down $0.05 during trading on Friday, hitting $18.14. The company's stock had a trading volume of 40,996 shares, compared to its average volume of 24,729. The company has a 50-day moving average of $18.39 and a 200-day moving average of $18.54. ACRES Commercial Realty has a 12 month low of $12.45 and a 12 month high of $23.81. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. The firm has a market cap of $134.11 million, a price-to-earnings ratio of 21.59 and a beta of 1.75.

ACRES Commercial Realty (NYSE:ACR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($1.15). ACRES Commercial Realty had a return on equity of 5.43% and a net margin of 25.71%. The business had revenue of $5.60 million during the quarter, compared to the consensus estimate of $19.89 million. On average, sell-side analysts expect that ACRES Commercial Realty will post 0.78 earnings per share for the current year.

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.