ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 420 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $25.20, for a total value of $10,584.00. Following the completion of the sale, the insider now owns 425,381 shares in the company, valued at approximately $10,719,601.20. This represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions 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 value 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 transaction 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 transaction 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 transaction 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 stock was 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 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 transaction of $95,873.14.
ACRES Commercial Realty Price Performance
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Shares of ACR opened at $15.85 on Tuesday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84. ACRES Commercial Realty Corp. has a fifty-two week low of $9.41 and a fifty-two week high of $17.77. The firm has a 50-day simple moving average of $16.36 and a 200-day simple moving average of $15.31. The company has a market capitalization of $122.63 million, a price-to-earnings ratio of 18.87 and a beta of 2.06.
Analyst Upgrades and Downgrades
Separately, JMP Securities upped 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.
View Our Latest Stock Analysis on ACR
Institutional Trading of ACRES Commercial Realty
Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of ACRES Commercial Realty by 147.1% during the third quarter. Barclays PLC now owns 3,499 shares of the company's stock worth $55,000 after purchasing an additional 2,083 shares during the last quarter. Biltmore Family Office LLC increased its stake in 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 buying an additional 3,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in ACRES Commercial Realty during the 3rd quarter worth $177,000. Finally, Ritholtz Wealth Management lifted its stake in shares of ACRES Commercial Realty by 23.0% in the 3rd quarter. Ritholtz Wealth Management now owns 25,769 shares of the company's stock worth $404,000 after acquiring an additional 4,825 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.
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.
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