ACRES Commercial Realty Corp. (NYSE:ACR – Get Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 7,400 shares, an increase of 54.2% from the April 30th total of 4,800 shares. Based on an average daily volume of 21,100 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.
NYSE:ACR traded up $0.01 during trading hours on Friday, reaching $9.80. The company had a trading volume of 49,680 shares, compared to its average volume of 26,660. The stock has a 50-day moving average of $12.06 and a two-hundred day moving average of $12.47. ACRES Commercial Realty has a one year low of $9.52 and a one year high of $18.43. The firm has a market capitalization of $89.18 million, a PE ratio of 20.85 and a beta of 1.88. The company has a quick ratio of 174.33, a current ratio of 174.33 and a debt-to-equity ratio of 3.67.
ACRES Commercial Realty (NYSE:ACR – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.56). ACRES Commercial Realty had a net margin of 37.47% and a return on equity of 0.75%. During the same period in the prior year, the firm earned ($0.01) earnings per share. As a group, sell-side analysts expect that ACRES Commercial Realty will post 0.31 earnings per share for the current year.
Separately, Zacks Investment Research cut ACRES Commercial Realty from a “buy” rating to a “hold” rating in a research report on Friday, May 6th.
Institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in ACRES Commercial Realty in the fourth quarter worth $85,000. Wealthsource Partners LLC acquired a new position in ACRES Commercial Realty in the third quarter worth $162,000. Arrowstreet Capital Limited Partnership acquired a new position in ACRES Commercial Realty in the third quarter worth $196,000. Renaissance Technologies LLC acquired a new position in shares of ACRES Commercial Realty during the fourth quarter valued at $171,000. Finally, Wiley BROS. Aintree Capital LLC lifted its stake in shares of ACRES Commercial Realty by 64.2% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 18,903 shares of the company’s stock valued at $253,000 after acquiring an additional 7,390 shares during the period. 42.73% of the stock is currently owned by institutional investors.
About ACRES Commercial Realty (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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