ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 5,159 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $25.22, for a total value of $130,109.98. Following the sale, the insider now owns 524,357 shares in the company, valued at approximately $13,224,283.54. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 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 Friday, September 20th, Eagle Point Credit Management sold 17,075 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.13, for a total value of $412,019.75.
- On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.34, for a total transaction of $661,950.64.
- On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.59, for a total transaction of $35,455.77.
- On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total transaction of $89,328.48.
- On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total value of $17,461.02.
- On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.99, for a total value of $18,117.75.
- On Tuesday, September 3rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total value of $2,498.00.
- On Friday, August 30th, Eagle Point Credit Management sold 2,714 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.94, for a total transaction of $67,687.16.
- On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.92, for a total transaction of $29,904.00.
- On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total value of $52,311.00.
ACRES Commercial Realty Trading Down 0.8 %
Shares of ACRES Commercial Realty stock opened at $15.61 on Friday. The stock has a market capitalization of $122.85 million, a P/E ratio of 22.30 and a beta of 2.05. ACRES Commercial Realty Corp. has a 52-week low of $6.62 and a 52-week high of $16.13. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49. The stock’s 50-day simple moving average is $15.27 and its 200 day simple moving average is $13.93.
Institutional Trading of ACRES Commercial Realty
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.
View Our Latest Analysis on ACRES Commercial Realty
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.
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