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

ACRES Commercial Realty Corp. (NYSE:ACR) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 12,600 shares, a growth of 51.8% from the February 28th total of 8,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 32,700 shares, the short-interest ratio is currently 0.4 days.

Insider Transactions at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management sold 7,335 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $22.40, for a total value of $164,304.00. Following the sale, the insider now directly owns 889,031 shares of the company’s stock, valued at $19,914,294.40. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 30,978 shares of company stock worth $703,611. Insiders own 4.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ACR. Nokomis Capital L.L.C. raised its holdings in 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 worth $4,273,000 after purchasing an additional 2,889 shares in the last quarter. Gratia Capital LLC grew its position in shares of ACRES Commercial Realty by 1.3% in 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 period. O Shaughnessy Asset Management LLC increased its stake in shares of ACRES Commercial Realty by 2.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company’s stock worth $997,000 after acquiring an additional 1,458 shares in the last quarter. Raymond James Financial Inc. purchased a new position in ACRES Commercial Realty during the 4th quarter valued at about $829,000. Finally, Northern Trust Corp boosted its stake in 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 acquiring an additional 9,738 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

ACRES Commercial Realty Trading Up 1.1 %

Shares of ACR traded up $0.24 during trading hours on Tuesday, reaching $21.91. 18,333 shares of the company traded hands, compared to its average volume of 35,947. ACRES Commercial Realty has a 12 month low of $12.33 and a 12 month high of $23.81. The company’s fifty day moving average price is $20.06 and its two-hundred day moving average price is $17.60. 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 company has a market capitalization of $163.37 million, a price-to-earnings ratio of 26.09 and a beta of 2.12.

Analyst Ratings Changes

Several equities research analysts have weighed in on ACR shares. JMP Securities increased their price objective on ACRES Commercial Realty to $22.00 and gave the stock 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 note on Thursday, March 13th.

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.