ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 3,576 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $24.98, for a total transaction of $89,328.48. Following the completion of the transaction, the insider now directly owns 578,868 shares in the company, valued at $14,460,122.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Eagle Point Credit Management also recently made the following trade(s):
- 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 value of $17,461.02.
- On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.99, for a total value of $18,117.75.
- On Tuesday, September 3rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total transaction of $2,498.00.
- On Friday, August 30th, Eagle Point Credit Management sold 2,714 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.94, for a total transaction of $67,687.16.
- On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.92, for a total transaction of $29,904.00.
- On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.91, for a total value of $52,311.00.
- On Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.57, for a total value of $125,994.96.
- On Wednesday, August 21st, Eagle Point Credit Management sold 1,390 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.87, for a total value of $34,569.30.
- On Monday, August 19th, Eagle Point Credit Management sold 3,119 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.87, for a total transaction of $77,569.53.
- On Thursday, August 15th, Eagle Point Credit Management sold 4,706 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total transaction of $117,038.22.
ACRES Commercial Realty Stock Up 1.4 %
ACR opened at $15.47 on Thursday. The business has a 50 day moving average of $14.83 and a 200-day moving average of $13.59. The stock has a market capitalization of $121.75 million, a price-to-earnings ratio of 22.10 and a beta of 2.05. The company has a current ratio of 100.49, a quick ratio of 100.49 and a debt-to-equity ratio of 3.56. ACRES Commercial Realty Corp. has a 1-year low of $6.62 and a 1-year high of $16.13.
Hedge Funds Weigh In On ACRES Commercial Realty
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.
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