Eagle Point Credit Management Sells 4,182 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 4,182 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $25.14, for a total transaction of $105,135.48. Following the completion of the sale, the insider now directly owns 467,611 shares in the company, valued at approximately $11,755,740.54. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 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 value 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 value 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 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 shares were 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.
• 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 value of $2,489.00.
• On Friday, October 18th, Eagle Point Credit Management sold 10,601 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.38, for a total value of $247,851.38.
• 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.

ACRES Commercial Realty Price Performance

Shares of NYSE:ACR opened at $17.37 on Friday. ACRES Commercial Realty Corp. has a 12 month low of $7.44 and a 12 month high of $17.46. The stock has a market cap of $134.44 million, a price-to-earnings ratio of 20.68 and a beta of 2.05. The stock’s 50 day moving average price is $15.88 and its 200 day moving average price is $14.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ACR. Biltmore Family Office LLC bought a new position in shares of ACRES Commercial Realty in the second quarter valued at $160,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ACRES Commercial Realty in the third quarter valued at $177,000. Ritholtz Wealth Management increased its holdings in shares of 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 increased its holdings 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 buying an additional 2,083 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

About ACRES Commercial Realty

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.