ACRES Commercial Realty (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 1,800 Shares

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $25.25, for a total transaction of $45,450.00. Following the completion of the transaction, the insider owned 352,648 shares of the company’s stock, valued at approximately $8,904,362. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Thursday, February 26th, Eagle Point Credit Management sold 1,301 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.28, for a total transaction of $32,889.28.
• On Tuesday, February 24th, Eagle Point Credit Management sold 600 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.25, for a total transaction of $15,150.00.
• On Thursday, February 19th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.23, for a total value of $2,523.00.
• On Wednesday, February 18th, Eagle Point Credit Management sold 409 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total value of $10,306.80.
• On Tuesday, February 17th, Eagle Point Credit Management sold 273 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.20, for a total value of $6,060.60.
• On Wednesday, February 4th, Eagle Point Credit Management sold 97 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.12, for a total value of $2,145.64.
• On Tuesday, February 3rd, Eagle Point Credit Management sold 49 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.42, for a total value of $1,098.58.
• On Monday, February 2nd, Eagle Point Credit Management sold 5,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.11, for a total value of $114,972.00.
• On Friday, January 30th, Eagle Point Credit Management sold 4,780 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.89, for a total value of $114,194.20.
• On Thursday, January 29th, Eagle Point Credit Management sold 53 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.10, for a total value of $1,171.30.

ACRES Commercial Realty Stock Performance

Shares of ACR stock traded down $0.11 during trading hours on Friday, reaching $18.54. 2,976 shares of the company’s stock were exchanged, compared to its average volume of 22,536. ACRES Commercial Realty Corp. has a fifty-two week low of $16.51 and a fifty-two week high of $24.61. The company has a quick ratio of 104.99, a current ratio of 104.99 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $135.18 million, a P/E ratio of 19.31 and a beta of 1.19. The business has a fifty day moving average price of $19.95 and a 200-day moving average price of $20.67.

Institutional Investors Weigh In On ACRES Commercial Realty

A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of ACRES Commercial Realty by 120.2% during the third quarter. BNP Paribas Financial Markets now owns 1,354 shares of the company’s stock worth $29,000 after purchasing an additional 739 shares during the period. Barclays PLC increased its position in ACRES Commercial Realty by 10.8% during the 4th quarter. Barclays PLC now owns 9,610 shares of the company’s stock worth $205,000 after buying an additional 939 shares during the period. Bank of America Corp DE lifted its holdings in shares of ACRES Commercial Realty by 110.4% during the second quarter. Bank of America Corp DE now owns 3,671 shares of the company’s stock worth $66,000 after buying an additional 1,926 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of ACRES Commercial Realty by 2.5% in the third quarter. Raymond James Financial Inc. now owns 80,129 shares of the company’s stock valued at $1,696,000 after acquiring an additional 1,979 shares during the period. Finally, Ritholtz Wealth Management grew its stake in shares of ACRES Commercial Realty by 5.2% in the fourth quarter. Ritholtz Wealth Management now owns 42,300 shares of the company’s stock valued at $903,000 after acquiring an additional 2,101 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ACR shares. Zacks Research raised shares of ACRES Commercial Realty to a “hold” rating in a report on Friday, December 19th. Citigroup reissued an “outperform” rating on shares of ACRES Commercial Realty in a report on Friday, October 31st. Wall Street Zen upgraded ACRES Commercial Realty from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Citizens Jmp set a $24.50 target price on ACRES Commercial Realty in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ACRES Commercial Realty in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.50.

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.