ACRES Commercial Realty Corp. (NYSE:ACR) Short Interest Down 6.7% in November

ACRES Commercial Realty Corp. (NYSE:ACR) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 36,400 shares, a drop of 6.7% from the October 31st total of 39,000 shares. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.6% of the shares of the company are sold short.

ACRES Commercial Realty Stock Up 2.5 %

ACRES Commercial Realty stock traded up $0.43 during trading hours on Tuesday, hitting $17.70. The company had a trading volume of 15,385 shares, compared to its average volume of 21,351. The firm’s fifty day moving average is $15.94 and its 200-day moving average is $14.80. 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 fifty-two week low of $7.61 and a fifty-two week high of $17.77. The firm has a market capitalization of $137.00 million, a P/E ratio of 21.07 and a beta of 2.06.

Insider Buying and Selling at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management sold 10,601 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $23.38, for a total transaction of $247,851.38. Following the transaction, the insider now owns 499,391 shares of the company’s stock, valued at approximately $11,675,761.58. This represents a 2.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 102,291 shares of company stock worth $2,499,996. 4.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of ACRES Commercial Realty by 147.1% during the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock worth $55,000 after buying an additional 2,083 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after buying an additional 3,043 shares during the last quarter. Biltmore Family Office LLC increased its holdings in ACRES Commercial Realty by 24.8% during the third quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock worth $244,000 after buying an additional 3,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in ACRES Commercial Realty during the third quarter worth $177,000. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised their price objective on ACRES Commercial Realty from $16.50 to $17.50 and gave the company a “market outperform” rating in a research note on Wednesday, September 25th.

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.