ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $104,412.00 in Stock

Posted by Lars Charter on Oct 17th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 4,200 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $24.86, for a total transaction of $104,412.00. Following the completion of the sale, the insider now owns 502,795 shares in the company, valued at approximately $12,499,483.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major 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 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 stock was 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 transaction of $100.88.
On Monday, September 23rd, Eagle Point Credit Management sold 5,159 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.22, for a total value of $130,109.98.
On Friday, September 20th, Eagle Point Credit Management sold 17,075 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.13, for a total value of $412,019.75.
On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.34, for a total transaction of $661,950.64.
On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.59, for a total transaction of $35,455.77.
On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total transaction of $89,328.48.
On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total transaction of $17,461.02.
On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.99, for a total value of $18,117.75.

ACRES Commercial Realty Price Performance

Shares of NYSE:ACR traded down $0.28 on Wednesday, hitting $15.21. The stock had a trading volume of 14,648 shares, compared to its average volume of 21,558. The firm’s 50 day moving average price is $15.58 and its 200-day moving average price is $14.23. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49. ACRES Commercial Realty Corp. has a twelve month low of $6.62 and a twelve month high of $16.13. The company has a market capitalization of $121.06 million, a price-to-earnings ratio of 21.73 and a beta of 2.05.

Institutional Trading of ACRES Commercial Realty

Several large investors have recently added to or reduced their stakes in the company. Biltmore Family Office LLC bought a new stake in ACRES Commercial Realty during the 2nd quarter worth approximately $160,000. Janney Montgomery Scott LLC acquired a new position in ACRES Commercial Realty in the first quarter worth $172,000. Ritholtz Wealth Management grew its holdings in shares of 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 purchasing an additional 3,043 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of ACRES Commercial Realty during the first quarter worth $580,000. Finally, Acadian Asset Management LLC increased its stake in shares of ACRES Commercial Realty by 19.2% in the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after buying an additional 16,986 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised their target price on ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a research report on Wednesday, September 25th.

View Our Latest Report on ACR

About ACRES Commercial Realty

(Get Free Report)

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.