ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $24.98, for a total transaction of $89,328.48. Following the completion of the transaction, the insider now directly owns 578,868 shares of the company’s stock, valued at approximately $14,460,122.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% 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 Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total transaction 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 stock was sold at an average price of $24.94, for a total value of $67,687.16.
- On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.92, for a total value of $29,904.00.
- On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.91, for a total transaction of $52,311.00.
- On Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.57, for a total transaction of $125,994.96.
- On Wednesday, August 21st, Eagle Point Credit Management sold 1,390 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total transaction of $34,569.30.
- On Monday, August 19th, Eagle Point Credit Management sold 3,119 shares of ACRES Commercial Realty stock. The stock was 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 stock was sold at an average price of $24.87, for a total value of $117,038.22.
ACRES Commercial Realty Stock Performance
ACR opened at $15.45 on Friday. The company has a debt-to-equity ratio of 3.56, a current ratio of 100.49 and a quick ratio of 100.49. The company has a market capitalization of $121.59 million, a PE ratio of 22.07 and a beta of 2.05. The business has a fifty day simple moving average of $14.88 and a 200 day simple moving average of $13.60. ACRES Commercial Realty Corp. has a 1 year low of $6.62 and a 1 year high of $16.13.
Hedge Funds Weigh In 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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