Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $89,753.50 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 3,650 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $24.59, for a total transaction of $89,753.50. Following the sale, the insider now owns 446,835 shares in the company, valued at approximately $10,987,672.65. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 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 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 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 transaction 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 shares were sold at an average price of $25.06, for a total value of $48,190.38.
• On Friday, November 15th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.04, for a total value of $10,516.80.
• 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.

ACRES Commercial Realty Price Performance

Shares of ACRES Commercial Realty stock opened at $17.13 on Monday. The firm has a market cap of $132.59 million, a PE ratio of 20.39 and a beta of 2.06. The company’s fifty day simple moving average is $16.25 and its two-hundred day simple moving average is $15.08. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. ACRES Commercial Realty Corp. has a 12-month low of $8.84 and a 12-month high of $17.77.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their price objective on 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Ritholtz Wealth Management lifted its holdings in 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 buying an additional 4,825 shares during the period. Biltmore Family Office LLC lifted its stake in 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 period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in ACRES Commercial Realty in the third quarter valued at $177,000. Finally, Barclays PLC increased its position in ACRES Commercial Realty by 147.1% during the 3rd 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 period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

About ACRES Commercial Realty

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.