Eagle Point Credit Management Sells 8,657 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 8,657 shares of ACRES Commercial Realty stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $22.47, for a total transaction of $194,522.79. Following the sale, the insider now directly owns 877,539 shares of the company’s stock, valued at $19,718,301.33. This represents a 0.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, January 30th, Eagle Point Credit Management sold 811 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.90, for a total value of $20,193.90.
• On Wednesday, January 22nd, Eagle Point Credit Management sold 7,335 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.40, for a total value of $164,304.00.
• On Monday, December 30th, Eagle Point Credit Management sold 200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total value of $5,040.00.
• On Thursday, December 26th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total transaction of $10,584.00.
• On Monday, December 23rd, Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock. The shares were 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 stock was sold at an average price of $25.20, for a total transaction of $2,520.00.
• On Wednesday, December 18th, Eagle Point Credit Management sold 6,816 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.77, for a total transaction of $168,832.32.

ACRES Commercial Realty Trading Up 0.1 %

NYSE ACR opened at $23.62 on Thursday. ACRES Commercial Realty Corp. has a 52 week low of $12.15 and a 52 week high of $23.81. The company has a 50 day moving average price of $19.36 and a 200 day moving average price of $17.23. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The firm has a market cap of $182.74 million, a PE ratio of 28.12 and a beta of 2.12.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of large investors have recently made changes to their positions in the business. Nokomis Capital L.L.C. boosted its position in shares of ACRES Commercial Realty by 1.1% in the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock worth $4,273,000 after purchasing an additional 2,889 shares in the last quarter. Gratia Capital LLC raised its stake in ACRES Commercial Realty by 1.3% in the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company’s stock valued at $1,636,000 after buying an additional 1,314 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in ACRES Commercial Realty by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company’s stock worth $997,000 after acquiring an additional 1,458 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ACRES Commercial Realty during the fourth quarter worth about $829,000. Finally, Northern Trust Corp grew its stake in shares of ACRES Commercial Realty by 32.5% during the fourth quarter. Northern Trust Corp now owns 39,671 shares of the company’s stock worth $641,000 after acquiring an additional 9,738 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACR. Jones Trading restated a “hold” rating on shares of ACRES Commercial Realty in a report on Thursday, March 13th. JMP Securities raised their price objective on ACRES Commercial Realty to $22.00 and gave the company a “buy” rating in a research report on Friday, March 7th.

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.