ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 6,309 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 6,309 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $23.96, for a total value of $151,163.64. Following the sale, the insider now directly owns 499,992 shares in the company, valued at $11,979,808.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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, 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 shares were sold at an average price of $24.85, for a total value of $115,055.50.
• On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.80, for a total value of $2,802.40.
• On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The shares were 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 stock was 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 shares were sold at an average price of $24.13, for a total transaction 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 transaction 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 stock was sold at an average price of $24.98, for a total value of $17,461.02.

ACRES Commercial Realty Price Performance

Shares of NYSE:ACR opened at $15.67 on Friday. ACRES Commercial Realty Corp. has a 12 month low of $6.62 and a 12 month high of $16.13. The firm has a market capitalization of $124.72 million, a P/E ratio of 22.39 and a beta of 2.05. 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 company’s fifty day moving average price is $15.58 and its 200 day moving average price is $14.25.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their price target 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.

Institutional Trading of ACRES Commercial Realty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in shares of ACRES Commercial Realty in the 1st quarter valued at about $172,000. Biltmore Family Office LLC purchased a new stake in ACRES Commercial Realty in the second quarter valued at approximately $160,000. Ritholtz Wealth Management boosted its holdings 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 acquiring an additional 3,043 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of ACRES Commercial Realty during the first quarter worth approximately $580,000. Finally, Acadian Asset Management LLC increased its holdings in shares of ACRES Commercial Realty by 19.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after acquiring an additional 16,986 shares during the period. 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.