ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 3,384 Shares

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 3,384 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $22.48, for a total value of $76,072.32. Following the transaction, the insider now owns 861,523 shares of the company's stock, valued at approximately $19,367,037.04. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 Friday, March 28th, Eagle Point Credit Management sold 1,172 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total transaction of $26,346.56.
• On Monday, March 24th, Eagle Point Credit Management sold 854 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.45, for a total transaction of $19,172.30.
• 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, March 13th, Eagle Point Credit Management sold 8,657 shares of ACRES Commercial Realty stock. The stock was 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 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 transaction of $5,040.00.

ACRES Commercial Realty Stock Down 1.6 %

Shares of ACR stock traded down $0.34 during mid-day trading on Tuesday, hitting $21.33. 37,065 shares of the stock traded hands, compared to its average volume of 21,602. ACRES Commercial Realty Corp. has a 52-week low of $12.33 and a 52-week high of $23.81. The stock has a market cap of $159.04 million, a P/E ratio of 25.39 and a beta of 2.12. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. The stock's fifty day moving average is $20.13 and its two-hundred day moving average is $17.64.

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Analysts Set New Price Targets

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

Institutional Investors Weigh In On ACRES Commercial Realty

Several institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of 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 last quarter. Bank of New York Mellon Corp purchased a new stake in ACRES Commercial Realty in the fourth quarter valued at about $412,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ACRES Commercial Realty in the third quarter worth about $177,000. Northern Trust Corp grew its stake in shares of ACRES Commercial Realty by 32.5% during the fourth quarter. Northern Trust Corp now owns 39,671 shares of the company's stock worth $641,000 after acquiring an additional 9,738 shares during the last quarter. Finally, Nokomis Capital L.L.C. increased its holdings in shares of ACRES Commercial Realty by 1.1% during the fourth quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company's stock valued at $4,273,000 after acquiring an additional 2,889 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.