ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $42,034.14 in Stock

Posted by Brian Wu on Nov 28th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 1,674 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $25.11, for a total transaction of $42,034.14. Following the completion of the transaction, the insider now owns 471,793 shares of the company’s stock, valued at approximately $11,846,722.23. The trade was a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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 Monday, November 18th, Eagle Point Credit Management sold 1,923 shares of ACRES Commercial Realty stock. The stock was 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 stock was 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 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 shares were 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 shares were sold at an average price of $23.38, for a total transaction 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 transaction of $151,163.64.

ACRES Commercial Realty Trading Up 0.1 %

NYSE:ACR opened at $17.36 on Thursday. ACRES Commercial Realty Corp. has a 12 month low of $7.31 and a 12 month high of $17.40. The firm has a market cap of $134.37 million, a price-to-earnings ratio of 20.67 and a beta of 2.05. 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 company’s 50 day moving average is $15.80 and its 200-day moving average is $14.68.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of institutional investors have recently modified their holdings of ACR. Barclays PLC raised its position in shares of ACRES Commercial Realty by 147.1% in the third 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 bought a new position in ACRES Commercial Realty during the second quarter worth $160,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in ACRES Commercial Realty during the third quarter worth $177,000. Ritholtz Wealth Management increased its position in ACRES Commercial Realty by 17.0% during the second 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 period. Finally, O Shaughnessy Asset Management LLC bought a new position in ACRES Commercial Realty during the first quarter worth $580,000. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities lifted 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 research note on Wednesday, September 25th.

Check Out Our Latest Stock Report on ACR

ACRES Commercial Realty Company Profile

(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.