Eagle Point Credit Management Sells 854 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 854 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $22.45, for a total value of $19,172.30. Following the completion of the transaction, the insider now owns 865,612 shares in the company, valued at $19,432,989.40. The trade was a 0.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Wednesday, March 19th, Eagle Point Credit Management sold 9,937 shares of ACRES Commercial Realty stock. The stock was 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 value 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 stock was sold at an average price of $22.40, for a total transaction of $164,304.00.
• On Monday, December 30th, Eagle Point Credit Management sold 200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total transaction of $5,040.00.
• On Thursday, December 26th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total transaction of $10,584.00.

ACRES Commercial Realty Price Performance

Shares of NYSE:ACR opened at $21.41 on Friday. The firm has a market capitalization of $159.63 million, a PE ratio of 25.49 and a beta of 2.12. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The company has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $17.49. ACRES Commercial Realty Corp. has a twelve month low of $12.33 and a twelve month high of $23.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings 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 acquiring an additional 2,083 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ACRES Commercial Realty in the third quarter valued at $177,000. Northern Trust Corp raised its stake in shares of ACRES Commercial Realty by 32.5% during the 4th quarter. Northern Trust Corp now owns 39,671 shares of the company’s stock valued at $641,000 after purchasing an additional 9,738 shares during the period. Nokomis Capital L.L.C. lifted its holdings in ACRES Commercial Realty by 1.1% during the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock worth $4,273,000 after purchasing an additional 2,889 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in ACRES Commercial Realty in the 4th quarter worth about $829,000. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACR has been the topic of several research analyst reports. Jones Trading reiterated 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.

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.