Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 420 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 420 shares of the 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 transaction, the insider now owns 425,381 shares of the company’s stock, valued at $10,719,601.20. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 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 transaction 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 shares were sold at an average price of $24.77, for a total value of $168,832.32.
• On Monday, December 16th, Eagle Point Credit Management sold 4,186 shares of ACRES Commercial Realty stock. The stock was 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 shares were 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 transaction 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 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.

ACRES Commercial Realty Stock Down 2.6 %

ACR stock traded down $0.43 during mid-day trading on Monday, reaching $15.85. The company had a trading volume of 13,316 shares, compared to its average volume of 20,827. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. The stock has a 50 day simple moving average of $16.36 and a two-hundred day simple moving average of $15.31. ACRES Commercial Realty Corp. has a 52 week low of $9.41 and a 52 week high of $17.77. 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 Ratings Changes

Separately, JMP Securities raised their target price on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of ACRES Commercial Realty by 147.1% in the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after purchasing an additional 2,083 shares during the last quarter. Biltmore Family Office LLC lifted its holdings in shares of ACRES Commercial Realty by 24.8% in the third quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock worth $244,000 after acquiring an additional 3,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ACRES Commercial Realty during the third quarter worth $177,000. Finally, Ritholtz Wealth Management grew its holdings in shares of ACRES Commercial Realty by 23.0% during the third 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 last quarter. Institutional investors own 40.03% of the company’s stock.

ACRES Commercial Realty Company Profile

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.