ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $115,055.50 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock in a transaction on Friday, October 11th. The stock was sold at an average price of $24.85, for a total value of $115,055.50. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The stock was 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 shares were sold at an average price of $24.86, for a total transaction of $104,412.00.
• On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.80, for a total transaction 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 value of $412,019.75.
• On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The stock was 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 shares were 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 stock was 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 shares were sold at an average price of $24.98, for a total transaction of $17,461.02.

ACRES Commercial Realty Stock Up 2.2 %

ACR stock opened at $15.67 on Friday. The company has a debt-to-equity ratio of 3.56, a current ratio of 100.49 and a quick ratio of 100.49. The stock has a market capitalization of $124.72 million, a P/E ratio of 22.39 and a beta of 2.05. ACRES Commercial Realty Corp. has a fifty-two week low of $6.62 and a fifty-two week high of $16.13. The business has a 50-day moving average of $15.58 and a 200-day moving average of $14.25.

Analyst Upgrades and Downgrades

Separately, JMP Securities boosted their price objective on shares of 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.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of large investors have recently bought and sold shares of the company. Nokomis Capital L.L.C. acquired a new stake in shares of ACRES Commercial Realty in the first quarter valued at approximately $3,729,000. O Shaughnessy Asset Management LLC acquired a new stake in ACRES Commercial Realty in the 1st quarter valued at $580,000. Acadian Asset Management LLC lifted its position in ACRES Commercial Realty by 19.2% during the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock worth $1,480,000 after buying an additional 16,986 shares in the last quarter. Biltmore Family Office LLC acquired a new position in shares of ACRES Commercial Realty during the 2nd quarter worth about $160,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of ACRES Commercial Realty in the 1st quarter valued at about $172,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.