Eagle Point Credit Management Sells 2,394 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 2,394 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $24.91, for a total value of $59,634.54. Following the completion of the transaction, the insider now directly owns 496,897 shares of the company’s stock, valued at $12,377,704.27. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major 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 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 value 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 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 transaction of $151,163.64.
• On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total transaction 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 transaction 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 transaction 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 value 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 value of $130,109.98.
• On Friday, September 20th, Eagle Point Credit Management sold 17,075 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.13, for a total value 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.

ACRES Commercial Realty Trading Up 0.6 %

Shares of NYSE:ACR traded up $0.09 during midday trading on Friday, reaching $15.39. The company’s stock had a trading volume of 18,245 shares, compared to its average volume of 21,325. The firm has a market cap of $121.12 million, a price-to-earnings ratio of 18.33 and a beta of 2.05. The business has a 50 day moving average price of $15.50 and a 200 day moving average price of $14.33. ACRES Commercial Realty Corp. has a 1 year low of $7.31 and a 1 year high of $16.13. The company has a quick ratio of 100.49, a current ratio of 100.49 and a debt-to-equity ratio of 3.56.

Analyst Upgrades and Downgrades

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

Institutional Trading of ACRES Commercial Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nokomis Capital L.L.C. purchased a new position in shares of ACRES Commercial Realty during the 1st quarter worth about $3,729,000. Acadian Asset Management LLC increased its position in ACRES Commercial Realty by 19.2% during the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock worth $1,480,000 after purchasing an additional 16,986 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in ACRES Commercial Realty during the first quarter worth approximately $580,000. Ritholtz Wealth Management boosted its holdings in shares of ACRES Commercial Realty by 23.0% in the 3rd quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock valued at $404,000 after purchasing an additional 4,825 shares during the last quarter. Finally, Biltmore Family Office LLC purchased a new stake in shares of ACRES Commercial Realty during the 2nd quarter valued at $160,000. Hedge funds and other 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.