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

ACRES Commercial Realty Corp. (NYSE:ACR – Get Rating) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totalling 4,800 shares, a decrease of 48.4% from the April 15th total of 9,300 shares. Based on an average daily trading volume, of 20,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Separately, Zacks Investment Research cut shares of ACRES Commercial Realty from a “buy” rating to a “hold” rating in a research report on Friday, May 6th.

ACR stock traded up $0.04 during trading hours on Friday, reaching $11.03. 12,511 shares of the stock were exchanged, compared to its average volume of 14,384. The firm’s 50-day moving average is $12.46 and its 200-day moving average is $12.85. The company has a market cap of $100.37 million, a price-to-earnings ratio of 23.47 and a beta of 1.88. The company has a debt-to-equity ratio of 3.67, a current ratio of 174.33 and a quick ratio of 161.95. ACRES Commercial Realty has a 12 month low of $10.75 and a 12 month high of $18.43.

ACRES Commercial Realty (NYSE:ACR – Get Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.56). ACRES Commercial Realty had a return on equity of 0.75% and a net margin of 37.47%. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, equities research analysts forecast that ACRES Commercial Realty will post 0.85 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in ACR. Marshall Wace LLP acquired a new position in shares of ACRES Commercial Realty during the 4th quarter worth about $85,000. Wealthsource Partners LLC acquired a new position in shares of ACRES Commercial Realty during the 3rd quarter worth about $162,000. Renaissance Technologies LLC acquired a new position in shares of ACRES Commercial Realty during the 4th quarter worth about $171,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ACRES Commercial Realty during the 3rd quarter worth about $196,000. Finally, Wiley BROS. Aintree Capital LLC boosted its stake in shares of ACRES Commercial Realty by 64.2% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 18,903 shares of the company’s stock worth $253,000 after buying an additional 7,390 shares during the last quarter. Hedge funds and other institutional investors own 42.73% of the company’s stock.

ACRES Commercial Realty Company Profile (Get Rating)

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments.

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