ACRES Commercial Realty Corp. (NYSE:ACR) Short Interest Up 32.4% in May

ACRES Commercial Realty Corp. (NYSE:ACR) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 49,500 shares, an increase of 32.4% from the April 30th total of 37,400 shares. Based on an average daily trading volume, of 41,600 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.8% of the company’s shares are sold short.

ACRES Commercial Realty Price Performance

ACR stock opened at $18.63 on Wednesday. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $137.76 million, a PE ratio of 22.18 and a beta of 1.69. The business’s fifty day moving average price is $18.58 and its 200 day moving average price is $18.52. ACRES Commercial Realty has a 12-month low of $12.33 and a 12-month high of $23.81.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jones Trading reissued a “hold” rating on shares of ACRES Commercial Realty in a research report on Thursday, March 13th. JMP Securities boosted their price target on shares of ACRES Commercial Realty to $22.00 and gave the company a “buy” rating in a research note on Friday, March 7th.

Insider Buying and Selling at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management sold 8,657 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $22.47, for a total value of $194,522.79. Following the completion of the transaction, the insider now directly owns 877,539 shares in the company, valued at approximately $19,718,301.33. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 24,004 shares of company stock worth $545,460 in the last three months. 3.92% of the stock is owned by corporate insiders.

Institutional Trading of ACRES Commercial Realty

A number of large investors have recently modified their holdings of ACR. Bank of New York Mellon Corp purchased a new stake in shares of ACRES Commercial Realty during the fourth quarter worth approximately $412,000. Raymond James Financial Inc. purchased a new stake in ACRES Commercial Realty during the 4th quarter worth about $829,000. Sei Investments Co. acquired a new position in shares of ACRES Commercial Realty during the 4th quarter worth about $162,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of ACRES Commercial Realty by 25.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 31,976 shares of the company’s stock valued at $516,000 after acquiring an additional 6,393 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings 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 valued at $997,000 after acquiring an additional 1,458 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.