ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 1,312 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $24.97, for a total value of $32,760.64. Following the sale, the insider now directly owns 484,867 shares in the company, valued at approximately $12,107,128.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 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 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 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.
- On Wednesday, October 30th, Eagle Point Credit Management sold 2,394 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total value of $59,634.54.
- On Wednesday, October 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.89, for a total value of $2,489.00.
- On Friday, October 18th, Eagle Point Credit Management sold 10,601 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.38, for a total value of $247,851.38.
- On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.96, for a total value of $151,163.64.
- On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total value of $104,412.00.
- On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total value of $115,055.50.
- On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.80, for a total value of $2,802.40.
- On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.22, for a total value of $100.88.
ACRES Commercial Realty Trading Up 0.9 %
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Shares of ACR stock opened at $16.24 on Wednesday. The stock has a 50-day simple moving average of $15.55 and a 200 day simple moving average of $14.46. ACRES Commercial Realty Corp. has a fifty-two week low of $7.31 and a fifty-two week high of $16.93. The stock has a market capitalization of $125.70 million, a P/E ratio of 19.33 and a beta of 2.05. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Ritholtz Wealth Management boosted its stake in 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 buying an additional 3,043 shares in the last quarter. Biltmore Family Office LLC boosted its stake in ACRES Commercial Realty by 24.8% during the third 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ACRES Commercial Realty in the 3rd quarter valued at $177,000. Janney Montgomery Scott LLC acquired a new position in shares of ACRES Commercial Realty in the 1st quarter valued at $172,000. Finally, Acadian Asset Management LLC boosted its position in shares of ACRES Commercial Realty by 19.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company's stock valued at $1,480,000 after purchasing an additional 16,986 shares during the period. Institutional investors own 40.03% of the company's stock.
Wall Street Analyst Weigh In
Separately, JMP Securities raised their price target on ACRES Commercial Realty from $16.50 to $17.50 and gave the company a "market outperform" rating in a report on Wednesday, September 25th.
Get Our Latest Analysis on ACRES Commercial Realty
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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