Eagle Point Credit Management Sells 3,650 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

Posted by Tyrone Williams on Dec 13th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 3,650 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $24.59, for a total value of $89,753.50. Following the transaction, the insider now directly owns 446,835 shares in the company, valued at $10,987,672.65. This represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

On Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.18, for a total transaction of $31,248.38.
On Friday, December 6th, Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock. The stock was 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 stock was sold at an average price of $25.19, for a total value 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 value 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 value 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 value of $42,034.14.
On Monday, November 18th, Eagle Point Credit Management sold 1,923 shares of ACRES Commercial Realty stock. The shares were 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 shares were 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.

ACRES Commercial Realty Price Performance

ACRES Commercial Realty stock traded down $0.01 during midday trading on Friday, reaching $17.13. 15,679 shares of the company were exchanged, compared to its average volume of 21,052. ACRES Commercial Realty Corp. has a 1 year low of $8.84 and a 1 year high of $17.77. The company has a market capitalization of $132.59 million, a price-to-earnings ratio of 20.39 and a beta of 2.06. The firm’s 50-day simple moving average is $16.22 and its 200-day simple moving average is $15.01. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of institutional investors have recently modified their holdings of ACR. Barclays PLC grew its stake in ACRES Commercial Realty by 147.1% in the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock worth $55,000 after acquiring an additional 2,083 shares during the period. Biltmore Family Office LLC purchased a new stake in shares of ACRES Commercial Realty in the second quarter valued at $160,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ACRES Commercial Realty in the third quarter valued at $177,000. Finally, Ritholtz Wealth Management lifted its position 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 period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their target price on ACRES Commercial Realty from $16.50 to $17.50 and gave the company a “market outperform” rating in a report on Wednesday, September 25th.

Read Our Latest Research Report on ACRES Commercial Realty

ACRES Commercial Realty Company Profile

(Get Free Report)

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.