Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $10,584.00 in Stock

Posted by Anthony Miller on Jan 2nd, 2025

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 420 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $25.20, for a total transaction of $10,584.00. Following the completion of the sale, the insider now owns 425,381 shares in the company, valued at $10,719,601.20. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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 23rd, Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total transaction of $60,177.60.
On Friday, December 20th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total value of $2,520.00.
On Wednesday, December 18th, Eagle Point Credit Management sold 6,816 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.77, for a total value of $168,832.32.
On Monday, December 16th, Eagle Point Credit Management sold 4,186 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.13, for a total value 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 transaction of $89,753.50.
On Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.18, for a total transaction of $31,248.38.
On Friday, December 6th, Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock. The stock was 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 shares were sold at an average price of $25.11, for a total transaction 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 value of $95,873.14.

ACRES Commercial Realty Price Performance

NYSE ACR opened at $16.15 on Thursday. The company has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $15.36. ACRES Commercial Realty Corp. has a 12-month low of $9.41 and a 12-month high of $17.77. The stock has a market capitalization of $124.95 million, a PE ratio of 19.23 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.

Analyst Ratings Changes

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

Read Our Latest Stock Report on ACRES Commercial Realty

Institutional Investors Weigh In On ACRES Commercial Realty

Several institutional investors and hedge funds have recently modified their holdings of ACR. Barclays PLC raised its holdings in 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. Ritholtz Wealth Management raised its stake in shares of ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after acquiring an additional 3,043 shares in the last quarter. Biltmore Family Office LLC raised its stake in shares of ACRES Commercial Realty by 24.8% in the 3rd quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock valued at $244,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ACRES Commercial Realty in the 3rd quarter worth approximately $177,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.