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

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,312 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $24.97, for a total transaction of $32,760.64. Following the sale, the insider now directly owns 484,867 shares of the company’s stock, valued at approximately $12,107,128.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 stock was 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 transaction 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 shares were 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 value of $151,163.64.
• On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.86, for a total transaction 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 value 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 value of $2,802.40.
• On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total value of $100.88.

ACRES Commercial Realty Stock Performance

ACRES Commercial Realty stock traded up $0.03 during midday trading on Tuesday, hitting $16.13. The stock had a trading volume of 1,075 shares, compared to its average volume of 21,572. The company has a current ratio of 73.84, a quick ratio of 100.49 and a debt-to-equity ratio of 3.33. ACRES Commercial Realty Corp. has a 52-week low of $7.31 and a 52-week high of $16.93. The firm’s fifty day moving average is $15.53 and its two-hundred day moving average is $14.45. The company has a market capitalization of $124.80 million, a PE ratio of 19.20 and a beta of 2.05.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Nokomis Capital L.L.C. bought a new stake in ACRES Commercial Realty during the 1st quarter valued at $3,729,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of ACRES Commercial Realty in the 1st quarter worth $580,000. Acadian Asset Management LLC increased its stake in ACRES Commercial Realty by 19.2% during the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after purchasing an additional 16,986 shares in the last quarter. Biltmore Family Office LLC purchased a new position in ACRES Commercial Realty in the 2nd quarter worth $160,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of ACRES Commercial Realty in the first quarter worth about $172,000. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.