Eagle Point Credit Management Sells 5,159 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) 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

Institutional investors have recently modified their holdings of the business. Biltmore Family Office LLC bought a new stake in ACRES Commercial Realty during the 2nd quarter valued at $160,000. Janney Montgomery Scott LLC bought a new position in ACRES Commercial Realty in the 1st quarter worth about $172,000. Ritholtz Wealth Management boosted its stake in ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after purchasing an additional 3,043 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in ACRES Commercial Realty during the 1st quarter valued at about $580,000. Finally, Acadian Asset Management LLC increased its position in shares of ACRES Commercial Realty by 19.2% during the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after buying an additional 16,986 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.