Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 1,923 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,923 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $25.06, for a total value of $48,190.38. Following the completion of the sale, the insider now directly owns 479,699 shares of the company’s stock, valued at approximately $12,021,256.94. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Friday, November 15th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.04, for a total value of $10,516.80.
• On Monday, November 11th, Eagle Point Credit Management sold 2,625 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.00, for a total value of $65,625.00.
• On Thursday, November 7th, Eagle Point Credit Management sold 1,312 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.97, for a total transaction of $32,760.64.
• On Monday, November 4th, Eagle Point Credit Management sold 129 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.94, for a total transaction of $3,217.26.
• On Wednesday, October 30th, Eagle Point Credit Management sold 2,394 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.91, for a total value of $59,634.54.
• On Wednesday, October 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.89, for a total transaction of $2,489.00.
• On Friday, October 18th, Eagle Point Credit Management sold 10,601 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.38, for a total value of $247,851.38.
• On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.96, for a total value of $151,163.64.
• On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.86, for a total transaction of $104,412.00.
• On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total value of $115,055.50.

ACRES Commercial Realty Price Performance

Shares of ACR stock traded up $0.31 during trading hours on Tuesday, hitting $16.64. 15,722 shares of the company’s stock were exchanged, compared to its average volume of 21,606. ACRES Commercial Realty Corp. has a 52 week low of $7.31 and a 52 week high of $16.93. The stock has a market cap of $128.79 million, a price-to-earnings ratio of 19.44 and a beta of 2.05. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. The stock’s 50-day moving average is $15.62 and its 200-day moving average is $14.55.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ACRES Commercial Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACR. Janney Montgomery Scott LLC acquired a new position in ACRES Commercial Realty during the 1st quarter worth $172,000. Acadian Asset Management LLC lifted its stake in shares of ACRES Commercial Realty by 19.2% during the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after acquiring an additional 16,986 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in ACRES Commercial Realty in the first quarter worth about $580,000. Nokomis Capital L.L.C. bought a new stake in ACRES Commercial Realty during the 1st quarter worth about $3,729,000. Finally, Ritholtz Wealth Management lifted its position in ACRES Commercial Realty by 17.0% during the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after purchasing an additional 3,043 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

About ACRES Commercial Realty

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.