ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 4,098 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $25.18, for a total transaction of $103,187.64. Following the completion of the transaction, the insider now owns 454,456 shares in the company, valued at approximately $11,443,202.08. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 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 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 value of $16,246.17.
- On Monday, December 2nd, Eagle Point Credit Management sold 3,806 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.19, for a total value 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 value of $48,690.40.
- On Monday, November 25th, Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock. The shares were 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 stock was sold at an average price of $25.11, for a total transaction of $42,034.14.
- 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 transaction of $48,190.38.
- On Friday, November 15th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The shares were 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 stock was sold at an average price of $25.00, for a total value 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 value 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 value of $3,217.26.
ACRES Commercial Realty Price Performance
First JFK… next Elon?
From Porter & Company | Ad
Today, I have another controversial prediction.
One which I will take no pleasure in seeing come true.
See, even with President Trump returning as the leader of our free country, I believe Elon Musk is in mortal danger.
I share with you in this special investigative documentary.
ACR stock opened at $17.40 on Tuesday. The company has a market capitalization of $134.68 million, a P/E ratio of 20.71 and a beta of 2.06. ACRES Commercial Realty Corp. has a 52-week low of $8.12 and a 52-week high of $17.77. The business has a 50-day simple moving average of $16.13 and a two-hundred day simple moving average of $14.95. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of ACR. Barclays PLC lifted its stake in ACRES Commercial Realty by 147.1% during the 3rd quarter. Barclays PLC now owns 3,499 shares of the company's stock valued at $55,000 after acquiring an additional 2,083 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ACRES Commercial Realty in the 3rd quarter worth $177,000. Biltmore Family Office LLC purchased a new stake in shares of ACRES Commercial Realty in the second quarter valued at about $160,000. Finally, Ritholtz Wealth Management lifted its position in shares of ACRES Commercial Realty by 17.0% during the second quarter. Ritholtz Wealth Management now owns 20,944 shares of the company's stock valued at $267,000 after purchasing an additional 3,043 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Wall Street Analyst Weigh In
Separately, JMP Securities upped their price objective on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a "market outperform" rating in a report on Wednesday, September 25th.
Check Out Our Latest Stock Analysis on ACRES Commercial Realty
ACRES Commercial Realty Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
