Eagle Point Credit Management Sells 8,657 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 8,657 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $22.47, for a total value of $194,522.79. Following the completion of the transaction, the insider now directly owns 877,539 shares in the company, valued at approximately $19,718,301.33. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large 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 Wednesday, March 19th, Eagle Point Credit Management sold 9,937 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.08, for a total value of $229,345.96.
• On Thursday, January 30th, Eagle Point Credit Management sold 811 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.90, for a total value of $20,193.90.
• On Wednesday, January 22nd, Eagle Point Credit Management sold 7,335 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.40, for a total value 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 value of $5,040.00.
• On Thursday, December 26th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total value of $10,584.00.
• 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 value of $60,177.60.
• On Friday, December 20th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was 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 stock was sold at an average price of $24.77, for a total value of $168,832.32.

ACRES Commercial Realty Stock Performance

NYSE:ACR traded down $1.64 during trading on Friday, reaching $21.75. The company's stock had a trading volume of 65,754 shares, compared to its average volume of 21,095. The firm has a market cap of $162.13 million, a price-to-earnings ratio of 25.89 and a beta of 2.12. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84. The firm has a 50 day moving average of $19.57 and a 200-day moving average of $17.31. ACRES Commercial Realty Corp. has a 12 month low of $12.30 and a 12 month high of $23.81.

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Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JMP Securities upped their target price on ACRES Commercial Realty to $22.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Jones Trading reaffirmed a "hold" rating on shares of ACRES Commercial Realty in a research report on Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barclays PLC grew its stake 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 purchasing an additional 2,083 shares during the period. Sei Investments Co. bought a new position in shares of ACRES Commercial Realty during the 4th quarter worth $162,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ACRES Commercial Realty during the 3rd quarter worth $177,000. Jane Street Group LLC bought a new position in shares of ACRES Commercial Realty during the 4th quarter worth $213,000. Finally, Biltmore Family Office LLC grew its stake in shares of ACRES Commercial Realty by 24.8% during the 3rd 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. 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.