Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 1,241 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,241 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $25.18, for a total transaction of $31,248.38. Following the completion of the transaction, the insider now owns 453,215 shares in the company, valued at $11,411,953.70. The trade was a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 Friday, December 6th, Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.18, for a total transaction of $103,187.64.
• On Wednesday, December 4th, Eagle Point Credit Management sold 647 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.11, for a total transaction of $16,246.17.
• On Monday, December 2nd, Eagle Point Credit Management sold 3,806 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.19, for a total transaction of $95,873.14.
• On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.15, for a total transaction of $48,690.40.
• On Monday, November 25th, Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.14, for a total transaction of $105,135.48.
• On Thursday, November 21st, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.11, for a total transaction of $42,034.14.
• On Monday, November 18th, Eagle Point Credit Management sold 1,923 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.06, for a total transaction of $48,190.38.
• On Friday, November 15th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.04, for a total transaction of $10,516.80.
• 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 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.

ACRES Commercial Realty Price Performance

Shares of NYSE:ACR traded down $0.18 during midday trading on Tuesday, reaching $17.24. 11,594 shares of the company’s stock were exchanged, compared to its average volume of 21,148. The company’s 50 day simple moving average is $16.16 and its two-hundred day simple moving average is $14.98. The firm has a market capitalization of $133.39 million, a PE ratio of 20.52 and a beta of 2.06. ACRES Commercial Realty Corp. has a 12 month low of $8.12 and a 12 month high of $17.77. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84.

Analyst Ratings Changes

Separately, JMP Securities raised 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.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management grew its stake in ACRES Commercial Realty by 17.0% during the second quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after buying an additional 3,043 shares during the last quarter. Biltmore Family Office LLC bought a new stake in ACRES Commercial Realty during the 2nd quarter worth approximately $160,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ACRES Commercial Realty during the 3rd quarter valued at $177,000. Finally, Barclays PLC raised its position in ACRES Commercial Realty by 147.1% in the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after purchasing an additional 2,083 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

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.