ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 1,309 Shares

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,309 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $24.85, for a total value of $32,528.65. Following the transaction, the insider now owns 614,683 shares in the company, valued at $15,274,872.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, August 15th, Eagle Point Credit Management sold 4,706 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total value of $117,038.22.
• On Friday, August 9th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.85, for a total value of $2,485.00.
• On Wednesday, August 7th, Eagle Point Credit Management sold 4,664 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.71, for a total value of $115,247.44.
• On Friday, August 2nd, Eagle Point Credit Management sold 2,635 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.88, for a total transaction of $65,558.80.
• On Wednesday, July 31st, Eagle Point Credit Management sold 15,096 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total transaction of $375,286.56.
• On Monday, July 29th, Eagle Point Credit Management sold 376 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.75, for a total transaction of $9,306.00.
• On Tuesday, July 23rd, Eagle Point Credit Management sold 386 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.75, for a total transaction of $9,553.50.
• On Thursday, July 25th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.75, for a total value of $2,475.00.
• On Monday, July 15th, Eagle Point Credit Management sold 679 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.67, for a total value of $16,750.93.
• On Thursday, July 11th, Eagle Point Credit Management sold 1,900 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.63, for a total value of $46,797.00.

ACRES Commercial Realty Trading Up 0.7 %

NYSE ACR opened at $15.33 on Friday. ACRES Commercial Realty Corp. has a 52 week low of $6.62 and a 52 week high of $16.13. The firm has a 50 day moving average of $13.86 and a two-hundred day moving average of $12.89. The company has a quick ratio of 100.49, a current ratio of 100.49 and a debt-to-equity ratio of 3.56. The stock has a market capitalization of $120.65 million, a PE ratio of 21.90 and a beta of 2.04.

Analyst Upgrades and Downgrades

Separately, JMP Securities lifted their price objective on ACRES Commercial Realty from $14.00 to $15.50 and gave the company a “market outperform” rating in a research note on Tuesday, April 30th.

Institutional Investors Weigh In On ACRES Commercial Realty

Several institutional investors have recently modified their holdings of the company. Nokomis Capital L.L.C. acquired a new stake in ACRES Commercial Realty in the first quarter valued at $3,729,000. O Shaughnessy Asset Management LLC purchased a new position in shares of ACRES Commercial Realty in the 1st quarter valued at about $580,000. Acadian Asset Management LLC raised its position in shares of ACRES Commercial Realty by 19.2% during the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock worth $1,480,000 after acquiring an additional 16,986 shares in the last quarter. Biltmore Family Office LLC purchased a new stake in ACRES Commercial Realty during the second quarter worth approximately $160,000. Finally, Janney Montgomery Scott LLC acquired a new position in ACRES Commercial Realty in the first quarter valued at approximately $172,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.