ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 8,657 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $22.47, for a total value of $194,522.79. Following the sale, the insider now directly owns 877,539 shares in the company, valued at approximately $19,718,301.33. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 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 shares were sold at an average price of $22.40, for a total value of $164,304.00.
- On Monday, December 30th, Eagle Point Credit Management sold 200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total value of $5,040.00.
- On Thursday, December 26th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total value of $10,584.00.
- On Monday, December 23rd, Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total transaction of $60,177.60.
- On Friday, December 20th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total value of $2,520.00.
- On Wednesday, December 18th, Eagle Point Credit Management sold 6,816 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.77, for a total transaction of $168,832.32.
ACRES Commercial Realty Stock Up 1.1 %
Shares of NYSE ACR opened at $23.16 on Tuesday. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The firm has a market cap of $179.15 million, a PE ratio of 27.57 and a beta of 2.12. The company’s fifty day simple moving average is $19.11 and its 200 day simple moving average is $17.13. ACRES Commercial Realty Corp. has a 12-month low of $11.41 and a 12-month high of $23.36.
Hedge Funds Weigh In On ACRES Commercial Realty
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on ACR shares. Jones Trading reissued a “hold” rating on shares of ACRES Commercial Realty in a research note on Thursday, March 13th. JMP Securities raised their target price on ACRES Commercial Realty to $22.00 and gave the stock a “buy” rating in a research note on Friday, March 7th.
Get Our Latest Stock Report on ACR
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.
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