Eagle Point Credit Management Sells 1,172 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,172 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $22.48, for a total transaction of $26,346.56. Following the sale, the insider now directly owns 859,525 shares in the company, valued at approximately $19,322,122. The trade was a 0.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Wednesday, March 26th, Eagle Point Credit Management sold 3,384 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total transaction of $76,072.32.
• On Monday, March 24th, Eagle Point Credit Management sold 854 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.45, for a total value of $19,172.30.
• On Wednesday, March 19th, Eagle Point Credit Management sold 9,937 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.08, for a total value of $229,345.96.
• On Thursday, March 13th, Eagle Point Credit Management sold 8,657 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.47, for a total value of $194,522.79.
• On Thursday, January 30th, Eagle Point Credit Management sold 811 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.90, for a total transaction of $20,193.90.
• On Wednesday, January 22nd, Eagle Point Credit Management sold 7,335 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.40, for a total transaction of $164,304.00.

ACRES Commercial Realty Stock Up 1.2 %

Shares of ACR opened at $21.54 on Thursday. The firm has a market capitalization of $160.60 million, a P/E ratio of 25.64 and a beta of 2.12. ACRES Commercial Realty Corp. has a 12-month low of $12.33 and a 12-month high of $23.81. The firm has a fifty day moving average price of $20.20 and a 200-day moving average price of $17.67. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33.

Institutional Trading of ACRES Commercial Realty

Large investors have recently modified their holdings of the company. Nokomis Capital L.L.C. increased its holdings in ACRES Commercial Realty by 1.1% during the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock worth $4,273,000 after purchasing an additional 2,889 shares during the period. Jane Street Group LLC bought a new position in shares of ACRES Commercial Realty during the 4th quarter worth $213,000. Northern Trust Corp raised its holdings in shares of ACRES Commercial Realty by 32.5% in the fourth quarter. Northern Trust Corp now owns 39,671 shares of the company’s stock valued at $641,000 after acquiring an additional 9,738 shares in the last quarter. Gratia Capital LLC lifted its stake in ACRES Commercial Realty by 1.3% in the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company’s stock worth $1,636,000 after acquiring an additional 1,314 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in ACRES Commercial Realty in the fourth quarter worth about $829,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ACR shares. Jones Trading reissued a “hold” rating on shares of ACRES Commercial Realty in a research report on Thursday, March 13th. JMP Securities increased their price target on ACRES Commercial Realty to $22.00 and gave the stock a “buy” rating in a report on Friday, March 7th.

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.