ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $461,600.00 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 18,464 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $25.00, for a total value of $461,600.00. Following the completion of the transaction, the insider now directly owns 659,267 shares in the company, valued at approximately $16,481,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Tuesday, June 25th, Eagle Point Credit Management sold 7,005 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.01, for a total transaction of $175,195.05.

ACRES Commercial Realty Trading Down 0.1 %

Shares of ACR stock opened at $12.76 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.61 and a current ratio of 90.61. ACRES Commercial Realty Corp. has a fifty-two week low of $6.62 and a fifty-two week high of $14.35. The company has a market cap of $101.57 million, a PE ratio of 18.23 and a beta of 2.02. The stock’s fifty day moving average price is $13.13 and its two-hundred day moving average price is $11.77.

ACRES Commercial Realty (NYSE:ACR) last posted its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.25). ACRES Commercial Realty had a return on equity of 7.76% and a net margin of 28.51%. The company had revenue of $18.77 million for the quarter, compared to the consensus estimate of $13.00 million. During the same period in the previous year, the firm posted $0.42 EPS. Equities analysts predict that ACRES Commercial Realty Corp. will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On ACRES Commercial Realty

Several large investors have recently bought and sold shares of ACR. Janney Montgomery Scott LLC acquired a new position in shares of ACRES Commercial Realty in the first quarter valued at approximately $172,000. Acadian Asset Management LLC increased its position in ACRES Commercial Realty by 19.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after acquiring an additional 16,986 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of ACRES Commercial Realty during the first quarter valued at $580,000. Finally, Nokomis Capital L.L.C. acquired a new position in shares of ACRES Commercial Realty during the first quarter worth $3,729,000. 40.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities raised their price objective on ACRES Commercial Realty from $14.00 to $15.50 and gave the stock a “market outperform” rating in a research note on Tuesday, April 30th.

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.