Eagle Point Credit Management Sells 2,388 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $25.20, for a total value of $60,177.60. Following the completion of the sale, the insider now owns 426,358 shares of the company's stock, valued at approximately $10,744,221.60. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 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 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 transaction 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 transaction 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 value 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 value of $2,997.80.
• On Wednesday, December 11th, Eagle Point Credit Management sold 3,650 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.59, for a total value of $89,753.50.
• On Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The stock was 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 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 stock was sold at an average price of $25.19, for a total transaction of $95,873.14.
• On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.15, for a total transaction of $48,690.40.

ACRES Commercial Realty Stock Up 2.3 %

Shares of ACR traded up $0.37 on Thursday, hitting $16.17. The company's stock had a trading volume of 9,148 shares, compared to its average volume of 20,893. 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 firm has a market capitalization of $125.11 million, a price-to-earnings ratio of 19.25 and a beta of 2.06. The firm's fifty day moving average price is $16.35 and its 200-day moving average price is $15.25. ACRES Commercial Realty Corp. has a fifty-two week low of $9.41 and a fifty-two week high of $17.77.

Analysts Set New Price Targets

Separately, JMP Securities lifted their target price on 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

Several institutional investors and hedge funds have recently made changes to their positions in ACR. Barclays PLC lifted its position in ACRES Commercial Realty by 147.1% in 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 in the last quarter. Biltmore Family Office LLC acquired a new position in shares of ACRES Commercial Realty during the second quarter worth about $160,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ACRES Commercial Realty during the third quarter worth about $177,000. Finally, Ritholtz Wealth Management raised its position in ACRES Commercial Realty by 17.0% in the 2nd 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 during the last quarter. Institutional investors and hedge funds 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.