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

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) saw a significant growth in short interest during the month of 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. Currently, 0.4% of the company's stock are sold short. Based on an average daily volume of 37,300 shares, the short-interest ratio is presently 0.6 days.

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 firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $23.08, for a total value of $229,345.96. Following the completion of the sale, the insider now directly owns 866,466 shares in the company, valued at $19,998,035.28. This trade represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 32,150 shares of company stock worth $729,958 over the last quarter. Insiders own 4.07% of the company's stock.

Hedge Funds Weigh In On ACRES Commercial Realty

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jones Trading reiterated a "hold" rating on shares of ACRES Commercial Realty in a report on Thursday, March 13th. JMP Securities raised their price target on ACRES Commercial Realty to $22.00 and gave the stock a "buy" rating in a report on Friday, March 7th.

ACRES Commercial Realty Stock Performance

ACRES Commercial Realty stock traded down $0.40 during mid-day trading on Monday, reaching $16.75. 17,733 shares of the company traded hands, compared to its average volume of 22,081. ACRES Commercial Realty has a fifty-two week low of $12.33 and a fifty-two week high of $23.81. The firm's fifty day moving average is $20.21 and its two-hundred day moving average is $17.91. 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 company has a market capitalization of $123.85 million, a price-to-earnings ratio of 19.94 and a beta of 1.56.

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.