Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 2,625 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 2,625 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.00, for a total value of $65,625.00. Following the completion of the sale, the insider now owns 482,242 shares of the company's stock, valued at approximately $12,056,050. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% 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 Thursday, November 7th, Eagle Point Credit Management sold 1,312 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.97, for a total value of $32,760.64.
• On Monday, November 4th, Eagle Point Credit Management sold 129 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.94, for a total transaction of $3,217.26.
• On Wednesday, October 30th, Eagle Point Credit Management sold 2,394 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total transaction of $59,634.54.
• On Wednesday, October 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.89, for a total transaction of $2,489.00.
• On Friday, October 18th, Eagle Point Credit Management sold 10,601 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.38, for a total value of $247,851.38.
• On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.96, for a total value of $151,163.64.
• On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total value of $104,412.00.
• On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total value of $115,055.50.
• On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.80, for a total value of $2,802.40.
• On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total transaction of $100.88.

ACRES Commercial Realty Stock Performance

Shares of ACR stock traded up $0.14 during trading hours on Tuesday, reaching $16.24. The stock had a trading volume of 17,703 shares, compared to its average volume of 21,648. The firm has a 50-day simple moving average of $15.53 and a 200-day simple moving average of $14.45. The firm has a market capitalization of $125.65 million, a PE ratio of 19.17 and a beta of 2.05. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 100.49. ACRES Commercial Realty Corp. has a twelve month low of $7.31 and a twelve month high of $16.93.

Analyst Upgrades and Downgrades

Separately, JMP Securities boosted their target price 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 Trading of ACRES Commercial Realty

A number of hedge funds have recently made changes to their positions in ACR. Biltmore Family Office LLC boosted its stake 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 period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ACRES Commercial Realty during the 3rd quarter valued at approximately $177,000. Ritholtz Wealth Management grew its stake 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 in the last quarter. Nokomis Capital L.L.C. purchased a new stake in shares of ACRES Commercial Realty in the first quarter valued at about $3,729,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of ACRES Commercial Realty during the 1st quarter valued at approximately $580,000. 40.03% of the stock is owned by institutional investors and hedge funds.

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.