ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 4,186 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.13, for a total value of $105,194.18. Following the completion of the sale, the insider now directly owns 442,751 shares of the company's stock, valued at approximately $11,126,332.63. This trade represents a 0.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more 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 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 shares were 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 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 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 shares were 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 stock was sold at an average price of $25.06, for a total transaction of $48,190.38.
ACRES Commercial Realty Stock Performance
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Shares of NYSE:ACR opened at $17.19 on Wednesday. The business has a 50-day moving average of $16.33 and a two-hundred day moving average of $15.14. The firm has a market capitalization of $133.00 million, a PE ratio of 20.46 and a beta of 2.06. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. ACRES Commercial Realty Corp. has a 12 month low of $8.97 and a 12 month high of $17.77.
Institutional Trading of ACRES Commercial Realty
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its position 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. 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 during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ACRES Commercial Realty during the 3rd quarter valued at $177,000. Finally, Ritholtz Wealth Management boosted its position in ACRES Commercial Realty by 23.0% during the 3rd quarter. Ritholtz Wealth Management now owns 25,769 shares of the company's stock worth $404,000 after purchasing an additional 4,825 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.
Analysts Set New Price Targets
Separately, JMP Securities boosted 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.
View Our Latest Report 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.
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