Eagle Point Credit Management Sells 1,674 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

Posted by Donald Scott on Nov 27th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 1,674 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $25.11, for a total transaction of $42,034.14. Following the sale, the insider now owns 471,793 shares of the company’s stock, valued at $11,846,722.23. This represents a 0.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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 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 value of $48,190.38.
On Friday, November 15th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.04, for a total value of $10,516.80.
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 transaction of $65,625.00.
On Thursday, November 7th, Eagle Point Credit Management sold 1,312 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.97, for a total transaction of $32,760.64.
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 transaction of $3,217.26.
On Wednesday, October 30th, Eagle Point Credit Management sold 2,394 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.91, for a total transaction 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 transaction of $104,412.00.

ACRES Commercial Realty Stock Performance

Shares of ACRES Commercial Realty stock opened at $17.34 on Wednesday. The business has a 50-day simple moving average of $15.76 and a 200-day simple moving average of $14.66. The company has a market cap of $134.21 million, a PE ratio of 20.64 and a beta of 2.05. ACRES Commercial Realty Corp. has a one year low of $7.31 and a one year high of $17.36. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84.

Analyst Upgrades and Downgrades

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 research note on Wednesday, September 25th.

Check Out Our Latest Report on ACR

Institutional Investors Weigh In On ACRES Commercial Realty

A number of large investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of ACRES Commercial Realty during the 1st quarter worth $580,000. Ritholtz Wealth Management lifted its holdings in ACRES Commercial Realty by 23.0% during the 3rd quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock worth $404,000 after buying an additional 4,825 shares during the last quarter. Biltmore Family Office LLC acquired a new position in shares of ACRES Commercial Realty during the 2nd quarter worth about $160,000. Barclays PLC raised its position in shares of ACRES Commercial Realty by 147.1% during 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ACRES Commercial Realty during the third quarter worth approximately $177,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

About ACRES Commercial Realty

(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.