ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 1,312 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,312 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $24.97, for a total transaction of $32,760.64. Following the transaction, the insider now directly owns 484,867 shares of the company’s stock, valued at approximately $12,107,128.99. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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 stock was 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 stock was 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 value of $247,851.38.
• On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.96, for a total value 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 stock was 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 value of $100.88.

ACRES Commercial Realty Stock Performance

ACRES Commercial Realty stock opened at $16.24 on Wednesday. The stock has a market cap of $125.70 million, a P/E ratio of 19.33 and a beta of 2.05. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. The stock has a 50 day moving average of $15.55 and a 200-day moving average of $14.46. ACRES Commercial Realty Corp. has a 52 week low of $7.31 and a 52 week high of $16.93.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On ACRES Commercial Realty

Several institutional investors and hedge funds have recently made changes to their positions in ACR. Nokomis Capital L.L.C. purchased a new position in shares of ACRES Commercial Realty during the 1st quarter valued at approximately $3,729,000. O Shaughnessy Asset Management LLC purchased a new position in shares of ACRES Commercial Realty during the 1st quarter valued at approximately $580,000. Acadian Asset Management LLC raised its position in shares of ACRES Commercial Realty by 19.2% during the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after acquiring an additional 16,986 shares in the last quarter. Biltmore Family Office LLC acquired a new stake in shares of ACRES Commercial Realty during the 2nd quarter valued at approximately $160,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of ACRES Commercial Realty during the 1st quarter valued at approximately $172,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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.