Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 647 Shares of Stock

Posted by John Adams on Dec 8th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 647 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $25.11, for a total transaction of $16,246.17. Following the completion of the transaction, the insider now owns 459,843 shares in the company, valued at $11,546,657.73. The trade was a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Monday, December 2nd, Eagle Point Credit Management sold 3,806 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.19, for a total value of $95,873.14.
On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.15, for a total value of $48,690.40.
On Monday, November 25th, Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.14, for a total value of $105,135.48.
On Thursday, November 21st, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.11, for a total transaction of $42,034.14.
On Monday, November 18th, Eagle Point Credit Management sold 1,923 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.06, for a total transaction of $48,190.38.
On Friday, November 15th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.04, for a total transaction of $10,516.80.
On Monday, November 11th, Eagle Point Credit Management sold 2,625 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.00, for a total transaction 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 value of $32,760.64.
On Monday, November 4th, Eagle Point Credit Management sold 129 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.94, for a total value 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.

ACRES Commercial Realty Price Performance

Shares of ACR opened at $17.37 on Friday. The company has a market cap of $134.44 million, a P/E ratio of 20.68 and a beta of 2.06. ACRES Commercial Realty Corp. has a fifty-two week low of $8.12 and a fifty-two week high of $17.77. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The firm’s 50 day moving average price is $16.09 and its 200 day moving average price is $14.91.

Institutional Trading of ACRES Commercial Realty

A number of large investors have recently modified their holdings of the stock. Biltmore Family Office LLC purchased a new position in ACRES Commercial Realty in the second quarter valued at $160,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ACRES Commercial Realty in the 3rd quarter valued at approximately $177,000. Ritholtz Wealth Management raised its stake in ACRES Commercial Realty by 23.0% in the third quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock valued at $404,000 after buying an additional 4,825 shares in the last quarter. Finally, Barclays PLC boosted its position 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 acquiring an additional 2,083 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on ACRES Commercial Realty

About ACRES Commercial Realty

(Get Free Report)

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.