Eagle Point Credit Management Sells 1,312 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,312 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $24.97, for a total value of $32,760.64. Following the completion of the sale, the insider now directly owns 484,867 shares of the company’s stock, valued at $12,107,128.99. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Monday, November 11th, Eagle Point Credit Management sold 2,625 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.00, for a total transaction of $65,625.00.
• On Monday, November 4th, Eagle Point Credit Management sold 129 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.94, for a total transaction of $3,217.26.
• On Wednesday, October 30th, Eagle Point Credit Management sold 2,394 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total value of $59,634.54.
• 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 transaction of $2,489.00.
• On Friday, October 18th, Eagle Point Credit Management sold 10,601 shares of ACRES Commercial Realty stock. The stock was 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 shares were 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 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 transaction of $115,055.50.
• On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The shares were 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.

ACRES Commercial Realty Stock Up 0.2 %

Shares of ACRES Commercial Realty stock traded up $0.03 during midday trading on Tuesday, hitting $16.13. The company’s stock had a trading volume of 1,075 shares, compared to its average volume of 21,572. The company has a quick ratio of 100.49, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. ACRES Commercial Realty Corp. has a 1-year low of $7.31 and a 1-year high of $16.93. The stock has a 50-day simple moving average of $15.53 and a 200-day simple moving average of $14.45. The firm has a market capitalization of $124.80 million, a P/E ratio of 19.20 and a beta of 2.05.

Analysts Set New Price Targets

Separately, JMP Securities raised their target price on 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 Investors Weigh In On ACRES Commercial Realty

Several large investors have recently made changes to their positions in ACR. Biltmore Family Office LLC acquired a new position in shares of ACRES Commercial Realty in the second quarter valued at $160,000. Janney Montgomery Scott LLC acquired a new position in shares of ACRES Commercial Realty during the first quarter worth approximately $172,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ACRES Commercial Realty in the third quarter worth about $177,000. Ritholtz Wealth Management lifted its holdings in ACRES Commercial Realty by 17.0% during the second quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after acquiring an additional 3,043 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of ACRES Commercial Realty in the first quarter valued at approximately $580,000. Institutional investors 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.