ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $48,190.38 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,923 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $25.06, for a total value of $48,190.38. Following the completion of the transaction, the insider now owns 479,699 shares in the company, valued at $12,021,256.94. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 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 stock was 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 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 value 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 value 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 transaction 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 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 value of $151,163.64.
• On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.86, for a total value of $104,412.00.
• On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.85, for a total transaction of $115,055.50.

ACRES Commercial Realty Stock Performance

NYSE ACR traded up $0.31 on Tuesday, hitting $16.64. 15,722 shares of the stock were exchanged, compared to its average volume of 21,606. The business’s fifty day moving average is $15.62 and its 200 day moving average is $14.55. ACRES Commercial Realty Corp. has a 52 week low of $7.31 and a 52 week high of $16.93. The company has a market capitalization of $128.79 million, a PE ratio of 19.44 and a beta of 2.05. 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 Analyst Weigh In

Separately, JMP Securities lifted their target price on 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.

Institutional Investors Weigh In On ACRES Commercial Realty

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its position in ACRES Commercial Realty by 147.1% during the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock worth $55,000 after buying an additional 2,083 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in ACRES Commercial Realty in the 3rd quarter valued at $177,000. Janney Montgomery Scott LLC acquired a new stake in ACRES Commercial Realty during the 1st quarter valued at $172,000. Biltmore Family Office LLC acquired a new position in shares of ACRES Commercial Realty in the second quarter valued at $160,000. Finally, Ritholtz Wealth Management raised its position in shares of ACRES Commercial Realty by 17.0% in the second quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after purchasing an additional 3,043 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.