ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 3,650 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $24.59, for a total transaction of $89,753.50. Following the completion of the sale, the insider now directly owns 446,835 shares of the company's stock, valued at approximately $10,987,672.65. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large 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 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 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 value 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 transaction of $95,873.14.
- On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The shares were 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 shares were sold at an average price of $25.14, for a total value 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 value 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 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 transaction 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 transaction of $65,625.00.
ACRES Commercial Realty Stock Performance
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NYSE ACR opened at $17.13 on Friday. The business's 50-day moving average price is $16.25 and its 200 day moving average price is $15.04. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. ACRES Commercial Realty Corp. has a twelve month low of $8.84 and a twelve month high of $17.77. The company has a market capitalization of $132.53 million, a PE ratio of 20.39 and a beta of 2.06.
Analysts Set New Price Targets
Separately, JMP Securities increased their price target on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the company a "market outperform" rating in a research report on Wednesday, September 25th.
Check Out Our Latest Analysis on ACRES Commercial Realty
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Ritholtz Wealth Management grew its holdings in ACRES Commercial Realty by 23.0% in the third quarter. Ritholtz Wealth Management now owns 25,769 shares of the company's stock valued at $404,000 after purchasing an additional 4,825 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ACRES Commercial Realty in the 3rd quarter valued at $177,000. Biltmore Family Office LLC purchased a new stake in shares of ACRES Commercial Realty during the 2nd quarter valued at $160,000. Finally, Barclays PLC increased its holdings 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 buying an additional 2,083 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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