Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $32,760.64 in Stock

Posted by Jeff Wilder on Nov 15th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 1,312 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $24.97, for a total transaction of $32,760.64. Following the completion of the transaction, the insider now owns 484,867 shares in the company, valued at $12,107,128.99. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Monday, November 11th, Eagle Point Credit Management sold 2,625 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.00, for a total value of $65,625.00.
On Monday, November 4th, Eagle Point Credit Management sold 129 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.94, for a total value of $3,217.26.
On Wednesday, October 30th, Eagle Point Credit Management sold 2,394 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total value of $59,634.54.
On Wednesday, October 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.89, for a total value of $2,489.00.
On Friday, October 18th, Eagle Point Credit Management sold 10,601 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.38, for a total transaction of $247,851.38.
On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.96, for a total transaction of $151,163.64.
On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.86, for a total value of $104,412.00.
On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.85, for a total value of $115,055.50.
On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.80, for a total value of $2,802.40.
On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total transaction of $100.88.

ACRES Commercial Realty Price Performance

Shares of NYSE ACR opened at $16.14 on Friday. ACRES Commercial Realty Corp. has a fifty-two week low of $7.31 and a fifty-two week high of $16.93. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84. The company has a market cap of $124.92 million, a PE ratio of 19.21 and a beta of 2.05. The business has a 50-day simple moving average of $15.57 and a two-hundred day simple moving average of $14.49.

Wall Street Analysts Forecast Growth

Separately, JMP Securities increased their price objective 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.

View Our Latest Stock Report on ACRES Commercial Realty

Institutional Trading of ACRES Commercial Realty

A number of institutional investors have recently bought and sold shares of the stock. Nokomis Capital L.L.C. acquired a new position in shares of ACRES Commercial Realty in the first quarter valued at about $3,729,000. O Shaughnessy Asset Management LLC purchased a new position in shares of ACRES Commercial Realty during the first quarter worth $580,000. Acadian Asset Management LLC lifted its position in 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 purchasing an additional 16,986 shares during the period. Biltmore Family Office LLC purchased a new stake in ACRES Commercial Realty in the second quarter valued at $160,000. Finally, Janney Montgomery Scott LLC acquired a new stake in ACRES Commercial Realty during the 1st quarter worth about $172,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.