ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 2,625 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 2,625 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.00, for a total value of $65,625.00. Following the sale, the insider now owns 482,242 shares of the company’s stock, valued at approximately $12,056,050. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% 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, 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 value of $32,760.64.
• 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 value 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 value 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 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 value of $104,412.00.
• On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The stock was 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 stock was 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 shares were sold at an average price of $25.22, for a total value of $100.88.

ACRES Commercial Realty Trading Up 0.9 %

Shares of NYSE:ACR opened at $16.24 on Wednesday. ACRES Commercial Realty Corp. has a 52-week low of $7.31 and a 52-week high of $16.93. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84. The company has a market cap of $125.70 million, a P/E ratio of 19.33 and a beta of 2.05. The stock’s 50-day moving average is $15.55 and its 200-day moving average is $14.46.

Institutional Trading of ACRES Commercial Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACR. Nokomis Capital L.L.C. bought a new stake in shares of ACRES Commercial Realty in the first quarter valued at approximately $3,729,000. Acadian Asset Management LLC boosted its holdings in ACRES Commercial Realty by 19.2% in 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 during the period. O Shaughnessy Asset Management LLC acquired a new stake in ACRES Commercial Realty in the 1st quarter worth $580,000. Ritholtz Wealth Management increased its holdings in shares of ACRES Commercial Realty by 23.0% during the 3rd quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock worth $404,000 after purchasing an additional 4,825 shares during the period. Finally, Biltmore Family Office LLC raised its position in shares of ACRES Commercial Realty by 24.8% during the third quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock valued at $244,000 after buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities upped their price objective 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.

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.