ACRES Commercial Realty Corp. (NYSE: ACR) Update on Short-Term Interest


ACRES Commercial Realty Corp. (NYSE: ACR) enjoyed significant growth in short-term interest during the month of December. As of December 15, there was short interest totaling 25,500 shares, an increase of 20.9% from the total of 21,100 shares as of November 30. About 0.3% of the company’s shares are sold short. Based on an average trading volume of 43,000 shares, the short-term interest rate is currently 0.6 days.

Several institutional investors have recently bought and sold shares of ACR. O Shaughnessy Asset Management LLC purchased a new equity interest in ACRES Commercial Realty during the second quarter valued at $ 211,000. Connor Clark & ​​Lunn Investment Management Ltd. purchased a new equity interest in ACRES Commercial Realty during the second quarter valued at $ 602,000. Geode Capital Management LLC increased its position in shares of ACRES Commercial Realty by 6.2% during the second quarter. Geode Capital Management LLC now owns 83,429 shares of the company valued at $ 1,339,000 after acquiring an additional 4,836 shares during the period. Renaissance Technologies LLC purchased a new equity interest in ACRES Commercial Realty during the second quarter valued at $ 165,000. Finally, Punch & Associates Investment Management Inc. increased its stake in ACRES Commercial Realty by 29.1% in the second quarter. Punch & Associates Investment Management Inc. now owns 364,525 shares of the company valued at $ 5,854,000 after purchasing an additional 82,174 shares during the last quarter. 51.36% of the shares are currently held by institutional investors and hedge funds.

NYSE: ACR traded down $ 0.05 during Friday trading hours, reaching $ 12.39. 16,209 shares were traded, for an average volume of 27,582. The company has a rapid ratio of 263.53, a current ratio of 263.52 and a debt ratio of 3.62. The company has a 50-day moving average of $ 13.74 and a two-hundred-day moving average of $ 15.48. ACRES Commercial Realty has a twelve month low of $ 10.67 and a twelve month high of $ 18.43. The company has a market cap of $ 116.76 million, a price-to-earnings ratio of 4.16 and a beta of 1.91.

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ACRES Commercial Realty (NYSE: ACR) last released its quarterly results on Monday, November 8. The company reported ($ 0.36) EPS for the quarter, missing analyst consensus estimates of $ 0.28 per ($ 0.64). ACRES Commercial Realty had a return on equity of 1.45% and a net margin of 104.89%. During the same period last year, the company earned $ 0.36 per share. On average, research analysts predict ACRES Commercial Realty will post -0.48 EPS for the current fiscal year.

The ACR has been the subject of a number of recent analyst reports. Zacks investment research reduced ACRES Commercial Realty from a “hold” rating to a “strong sell” rating in a report released Monday, November 29. TheStreet reduced ACRES Commercial Realty from a “c” rating to a “d +” rating in a research note on Friday, November 5th. Finally, JMP Securities lowered its price target on ACRES Commercial Realty from $ 20.00 to $ 19.00 and established a “market outperformance” rating on the stock in a Friday, November 5 research note.

ACRES Commercial Real Estate Company Profile

ACRES Commercial Realty Corp. is a real estate investment trust that engages in the creation, holding and management of commercial mortgage loans and debt investments related to commercial real estate. The company was founded in 2005 and is headquartered in New York, NY.

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