ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 1,390 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $24.87, for a total transaction of $34,569.30. Following the completion of the transaction, the insider now directly owns 602,105 shares of the company’s stock, valued at approximately $14,974,351.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.57, for a total transaction of $125,994.96.
- On Monday, August 19th, Eagle Point Credit Management sold 3,119 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total transaction of $77,569.53.
- On Thursday, August 15th, Eagle Point Credit Management sold 4,706 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total transaction of $117,038.22.
- On Tuesday, August 13th, Eagle Point Credit Management sold 1,309 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.85, for a total transaction of $32,528.65.
- On Friday, August 9th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total value of $2,485.00.
- On Wednesday, August 7th, Eagle Point Credit Management sold 4,664 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.71, for a total value of $115,247.44.
- On Friday, August 2nd, Eagle Point Credit Management sold 2,635 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.88, for a total value of $65,558.80.
- On Wednesday, July 31st, Eagle Point Credit Management sold 15,096 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total value of $375,286.56.
- On Monday, July 29th, Eagle Point Credit Management sold 376 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.75, for a total value of $9,306.00.
- On Tuesday, July 23rd, Eagle Point Credit Management sold 386 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.75, for a total value of $9,553.50.
ACRES Commercial Realty Trading Up 0.1 %
NYSE:ACR opened at $15.74 on Friday. The stock’s 50 day moving average price is $14.09 and its 200 day moving average price is $13.03. The company has a market capitalization of $125.27 million, a PE ratio of 22.49 and a beta of 2.04. The company has a quick ratio of 100.49, a current ratio of 100.49 and a debt-to-equity ratio of 3.56. ACRES Commercial Realty Corp. has a 52-week low of $6.62 and a 52-week high of $16.13.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, JMP Securities increased their price objective on ACRES Commercial Realty from $14.00 to $15.50 and gave the company a “market outperform” rating in a report on Tuesday, April 30th.
Get Our Latest Stock Analysis on ACRES Commercial Realty
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.
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