ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 1,936 Shares

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,936 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $25.15, for a total transaction of $48,690.40. Following the sale, the insider now owns 465,675 shares in the company, valued at approximately $11,711,726.25. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 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 stock was sold at an average price of $25.19, for a total value of $95,873.14.
• 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 transaction of $105,135.48.
• On Thursday, November 21st, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.11, for a total value 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 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 stock was 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 stock was 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 stock was sold at an average price of $24.91, for a total transaction 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 value of $2,489.00.

ACRES Commercial Realty Price Performance

ACR stock traded up $0.43 on Tuesday, hitting $17.70. 15,385 shares of the company’s stock traded hands, compared to its average volume of 21,351. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. The stock has a market cap of $137.00 million, a price-to-earnings ratio of 21.07 and a beta of 2.06. ACRES Commercial Realty Corp. has a 1-year low of $7.61 and a 1-year high of $17.77. The stock has a fifty day moving average of $15.94 and a 200-day moving average of $14.80.

Wall Street Analyst Weigh In

Separately, JMP Securities boosted their price target on shares of 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

A number of institutional investors and hedge funds have recently modified their holdings of ACR. Barclays PLC raised its stake in ACRES Commercial Realty by 147.1% during the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after purchasing an additional 2,083 shares during the period. Biltmore Family Office LLC acquired a new position in ACRES Commercial Realty in the 2nd quarter valued at $160,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in ACRES Commercial Realty in the 3rd quarter worth $177,000. 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 worth $267,000 after acquiring an additional 3,043 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

ACRES Commercial Realty Company Profile

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.