Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $19,172.30 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 854 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $22.45, for a total value of $19,172.30. Following the completion of the transaction, the insider now owns 865,612 shares of the company’s stock, valued at approximately $19,432,989.40. The trade was a 0.10 % 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. Large shareholders that own at least 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 Wednesday, March 26th, Eagle Point Credit Management sold 3,384 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.48, for a total transaction of $76,072.32.
• On Wednesday, March 19th, Eagle Point Credit Management sold 9,937 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.08, for a total transaction of $229,345.96.
• On Thursday, March 13th, Eagle Point Credit Management sold 8,657 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.47, for a total transaction of $194,522.79.
• On Thursday, January 30th, Eagle Point Credit Management sold 811 shares of ACRES Commercial Realty stock. The shares were 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 stock was 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.

ACRES Commercial Realty Stock Performance

Shares of ACR stock opened at $21.12 on Friday. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. ACRES Commercial Realty Corp. has a 12-month low of $12.33 and a 12-month high of $23.81. The business’s 50 day moving average is $19.98 and its two-hundred day moving average is $17.53. The company has a market capitalization of $157.44 million, a P/E ratio of 25.14 and a beta of 2.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ACR. Gratia Capital LLC increased its holdings in ACRES Commercial Realty by 1.3% in the 4th 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 in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of ACRES Commercial Realty by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company’s stock worth $997,000 after purchasing an additional 1,458 shares in the last quarter. Barclays PLC raised its position in shares of ACRES Commercial Realty by 147.1% during the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock worth $55,000 after purchasing an additional 2,083 shares during the last quarter. Nokomis Capital L.L.C. lifted its stake in ACRES Commercial Realty by 1.1% in the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock valued at $4,273,000 after buying an additional 2,889 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in ACRES Commercial Realty by 25.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 31,976 shares of the company’s stock valued at $516,000 after buying an additional 6,393 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

ACR has been the subject of several recent research reports. Jones Trading reaffirmed a “hold” rating on shares of ACRES Commercial Realty in a report on Thursday, March 13th. JMP Securities lifted their price objective on shares of ACRES Commercial Realty to $22.00 and gave the company a “buy” rating in a report on Friday, March 7th.

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.