Eagle Point Credit Management Sells 4,630 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

Posted by Dee Baugher on Oct 18th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock in a transaction on Friday, October 11th. The shares were sold at an average price of $24.85, for a total value of $115,055.50. Following the completion of the transaction, the insider now owns 506,995 shares of the company’s stock, valued at approximately $12,598,825.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total value of $104,412.00.
On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.80, for a total value of $2,802.40.
On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total transaction of $100.88.
On Monday, September 23rd, Eagle Point Credit Management sold 5,159 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.22, for a total transaction of $130,109.98.
On Friday, September 20th, Eagle Point Credit Management sold 17,075 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.13, for a total transaction of $412,019.75.
On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.34, for a total value of $661,950.64.
On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.59, for a total value of $35,455.77.
On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total value of $89,328.48.
On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total value of $17,461.02.
On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.99, for a total transaction of $18,117.75.

ACRES Commercial Realty Stock Performance

NYSE ACR opened at $15.34 on Friday. The company has a fifty day moving average of $15.58 and a two-hundred day moving average of $14.24. The company has a market capitalization of $120.73 million, a PE ratio of 18.94 and a beta of 2.05. ACRES Commercial Realty Corp. has a 1 year low of $6.62 and a 1 year high of $16.13. The company has a debt-to-equity ratio of 3.56, a current ratio of 100.49 and a quick ratio of 100.49.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on ACRES Commercial Realty

Institutional Trading of ACRES Commercial Realty

Large investors have recently made changes to their positions in the company. Ritholtz Wealth Management increased its position in ACRES Commercial Realty by 23.0% during the third quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock worth $404,000 after buying an additional 4,825 shares during the period. Biltmore Family Office LLC purchased a new position in shares of ACRES Commercial Realty during the second quarter worth approximately $160,000. Nokomis Capital L.L.C. acquired a new position in shares of ACRES Commercial Realty in the 1st quarter valued at $3,729,000. O Shaughnessy Asset Management LLC purchased a new stake in ACRES Commercial Realty in the 1st quarter valued at $580,000. Finally, Acadian Asset Management LLC raised its position in ACRES Commercial Realty by 19.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after purchasing an additional 16,986 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

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.