Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 2,625 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 2,625 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.00, for a total transaction of $65,625.00. Following the sale, the insider now owns 482,242 shares in the company, valued at $12,056,050. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Thursday, November 7th, Eagle Point Credit Management sold 1,312 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.97, for a total transaction of $32,760.64.
• On Monday, November 4th, Eagle Point Credit Management sold 129 shares of ACRES Commercial Realty stock. The stock was 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 stock was sold at an average price of $23.38, for a total transaction of $247,851.38.
• On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The stock was 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 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 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 stock was sold at an average price of $25.22, for a total transaction of $100.88.

ACRES Commercial Realty Price Performance

Shares of ACR stock traded up $0.03 during trading hours 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 business has a fifty day moving average of $15.53 and a 200-day moving average of $14.45. The stock has a market cap of $124.80 million, a price-to-earnings ratio of 19.15 and a beta of 2.05. ACRES Commercial Realty Corp. has a twelve month low of $7.31 and a twelve month high of $16.93. The company has a current ratio of 73.84, a quick ratio of 100.49 and a debt-to-equity ratio of 3.33.

Institutional Trading of ACRES Commercial Realty

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new stake in ACRES Commercial Realty during the first quarter worth approximately $172,000. Acadian Asset Management LLC grew its stake in shares of ACRES Commercial Realty by 19.2% during the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after acquiring an additional 16,986 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in ACRES Commercial Realty during the 1st quarter worth $580,000. Nokomis Capital L.L.C. acquired a new stake in ACRES Commercial Realty during the first quarter worth about $3,729,000. Finally, 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 valued at $267,000 after purchasing an additional 3,043 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.