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

ACRES Commercial Realty Corp. (NYSE:ACR) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 36,400 shares, a decline of 6.7% from the October 31st total of 39,000 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is presently 1.9 days.

ACRES Commercial Realty Trading Up 2.5 %

Shares of ACR stock traded up $0.43 during trading hours on Tuesday, reaching $17.70. The company had a trading volume of 15,385 shares, compared to its average volume of 21,351. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. ACRES Commercial Realty has a 1-year low of $7.61 and a 1-year high of $17.77. The company has a 50 day moving average of $15.94 and a 200 day moving average of $14.80. The firm has a market cap of $137.00 million, a price-to-earnings ratio of 21.07 and a beta of 2.06.

Analysts Set New Price Targets

Separately, JMP Securities raised 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 report on Wednesday, September 25th.

Insider Buying and Selling at ACRES Commercial Realty

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 3,806 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $25.19, for a total transaction of $95,873.14. Following the sale, the insider now owns 461,869 shares of the company’s stock, valued at $11,634,480.11. This represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 102,291 shares of company stock worth $2,499,996 over the last ninety days. Corporate insiders own 4.07% of the company’s stock.

Institutional Trading of ACRES Commercial Realty

Hedge funds have recently modified their holdings of the company. Barclays PLC increased its stake in ACRES Commercial Realty by 147.1% in the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after purchasing an additional 2,083 shares in the last quarter. Biltmore Family Office LLC acquired a new stake in ACRES Commercial Realty during the 2nd quarter worth $160,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in ACRES Commercial Realty during the third quarter worth about $177,000. Finally, Ritholtz Wealth Management lifted its holdings in shares of ACRES Commercial Realty by 17.0% during the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after purchasing an additional 3,043 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.