ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 1,172 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $22.48, for a total transaction of $26,346.56. Following the sale, the insider now owns 859,525 shares of the company's stock, valued at $19,322,122. The trade was a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% 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 Wednesday, March 26th, Eagle Point Credit Management sold 3,384 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total value of $76,072.32.
- On Monday, March 24th, Eagle Point Credit Management sold 854 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.45, for a total value of $19,172.30.
- On Wednesday, March 19th, Eagle Point Credit Management sold 9,937 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.08, for a total value of $229,345.96.
- On Thursday, March 13th, Eagle Point Credit Management sold 8,657 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.47, for a total transaction of $194,522.79.
- On Thursday, January 30th, Eagle Point Credit Management sold 811 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.90, for a total transaction of $20,193.90.
- On Wednesday, January 22nd, Eagle Point Credit Management sold 7,335 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.40, for a total transaction of $164,304.00.
ACRES Commercial Realty Stock Performance
ACR stock opened at $21.33 on Wednesday. The stock has a market cap of $159.04 million, a P/E ratio of 25.39 and a beta of 2.12. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84. The firm has a 50 day simple moving average of $20.13 and a 200 day simple moving average of $17.64. ACRES Commercial Realty Corp. has a 52 week low of $12.33 and a 52 week high of $23.81.
Analyst Ratings Changes
Several analysts have issued reports on ACR shares. Jones Trading reissued a "hold" rating on shares of ACRES Commercial Realty in a research note on Thursday, March 13th. JMP Securities upped their price target on ACRES Commercial Realty to $22.00 and gave the company a "buy" rating in a research report on Friday, March 7th.
Read Our Latest Stock Report on ACR
Institutional Investors Weigh In On ACRES Commercial Realty
Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of ACRES Commercial Realty during the fourth quarter worth $829,000. Bank of New York Mellon Corp acquired a new position in ACRES Commercial Realty in the 4th quarter worth about $412,000. Jane Street Group LLC purchased a new stake in shares of ACRES Commercial Realty during the 4th quarter worth about $213,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ACRES Commercial Realty during the 3rd quarter worth about $177,000. Finally, Sei Investments Co. acquired a new stake in shares of ACRES Commercial Realty during the 4th quarter valued at about $162,000. Institutional investors and hedge funds own 40.03% of the company's stock.
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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