ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 854 Shares

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 854 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $22.45, for a total transaction of $19,172.30. Following the sale, the insider now owns 865,612 shares in the company, valued at approximately $19,432,989.40. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Wednesday, March 19th, Eagle Point Credit Management sold 9,937 shares of ACRES Commercial Realty stock. The stock was 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 shares were 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 stock was sold at an average price of $24.90, for a total value 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 stock was sold at an average price of $25.20, for a total value of $10,584.00.

ACRES Commercial Realty Trading Down 3.0 %

Shares of ACRES Commercial Realty stock opened at $21.24 on Thursday. ACRES Commercial Realty Corp. has a twelve month low of $12.33 and a twelve month high of $23.81. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The business has a 50-day moving average price of $19.84 and a 200-day moving average price of $17.46. The firm has a market cap of $158.37 million, a price-to-earnings ratio of 25.29 and a beta of 2.12.

Institutional Trading of ACRES Commercial Realty

Large investors have recently added to or reduced their stakes in the company. Nokomis Capital L.L.C. boosted its position in shares of ACRES Commercial Realty by 1.1% during the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock valued at $4,273,000 after acquiring an additional 2,889 shares during the last quarter. Gratia Capital LLC raised its stake in ACRES Commercial Realty by 1.3% during the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company’s stock valued at $1,636,000 after purchasing an additional 1,314 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in 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 valued at $997,000 after purchasing an additional 1,458 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of ACRES Commercial Realty in the 4th quarter worth $829,000. Finally, Northern Trust Corp grew its stake in shares of ACRES Commercial Realty by 32.5% in the 4th quarter. Northern Trust Corp now owns 39,671 shares of the company’s stock worth $641,000 after buying an additional 9,738 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

ACR has been the subject of a number of research analyst reports. JMP Securities increased 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. Jones Trading restated a “hold” rating on shares of ACRES Commercial Realty in a research report on Thursday, March 13th.

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.