Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 6,816 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 6,816 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $24.77, for a total transaction of $168,832.32. Following the completion of the transaction, the insider now owns 434,574 shares of the company’s stock, valued at $10,764,397.98. This represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Monday, December 16th, Eagle Point Credit Management sold 4,186 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.13, for a total transaction of $105,194.18.
• On Friday, December 13th, Eagle Point Credit Management sold 130 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.06, for a total value of $2,997.80.
• On Wednesday, December 11th, Eagle Point Credit Management sold 3,650 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.59, for a total value of $89,753.50.
• On Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.18, for a total value of $31,248.38.
• On Friday, December 6th, Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.18, for a total transaction of $103,187.64.
• On Wednesday, December 4th, Eagle Point Credit Management sold 647 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.11, for a total value of $16,246.17.
• On Monday, December 2nd, Eagle Point Credit Management sold 3,806 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.19, for a total transaction of $95,873.14.
• On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.15, for a total transaction of $48,690.40.
• On Monday, November 25th, Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.14, for a total transaction of $105,135.48.
• On Thursday, November 21st, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.11, for a total value of $42,034.14.

ACRES Commercial Realty Stock Performance

ACR stock traded down $0.50 during trading on Thursday, reaching $15.31. 20,017 shares of the company’s stock were exchanged, compared to its average volume of 21,008. The firm has a market cap of $118.45 million, a PE ratio of 18.23 and a beta of 2.06. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. ACRES Commercial Realty Corp. has a 1-year low of $9.41 and a 1-year high of $17.77. The company’s fifty day moving average price is $16.33 and its 200-day moving average price is $15.14.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their price objective on shares of 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.

Hedge Funds Weigh In On ACRES Commercial Realty

Large investors have recently made changes to their positions in the business. Biltmore Family Office LLC acquired a new position in ACRES Commercial Realty in the 2nd quarter worth approximately $160,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ACRES Commercial Realty in the third quarter worth $177,000. Ritholtz Wealth Management boosted its position in shares of ACRES Commercial Realty by 23.0% in the third 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 period. Finally, Barclays PLC grew its holdings in shares of ACRES Commercial Realty by 147.1% during the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after buying an additional 2,083 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

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.