Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $375,286.56 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 15,096 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $24.86, for a total transaction of $375,286.56. Following the completion of the transaction, the insider now directly owns 623,594 shares in the company, valued at approximately $15,502,546.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Monday, July 29th, Eagle Point Credit Management sold 376 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.75, for a total transaction of $9,306.00.
• On Tuesday, July 23rd, Eagle Point Credit Management sold 386 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.75, for a total transaction of $9,553.50.
• On Thursday, July 25th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.75, for a total value of $2,475.00.
• On Monday, July 15th, Eagle Point Credit Management sold 679 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.67, for a total value of $16,750.93.
• On Thursday, July 11th, Eagle Point Credit Management sold 1,900 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.63, for a total transaction of $46,797.00.
• On Monday, July 8th, Eagle Point Credit Management sold 1,210 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.80, for a total transaction of $30,008.00.
• On Wednesday, July 3rd, Eagle Point Credit Management sold 2,220 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.67, for a total transaction of $54,767.40.
• On Thursday, June 27th, Eagle Point Credit Management sold 18,464 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.00, for a total value of $461,600.00.
• 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 value of $175,195.05.

ACRES Commercial Realty Stock Up 1.8 %

Shares of ACRES Commercial Realty stock opened at $15.10 on Monday. The company has a quick ratio of 90.61, a current ratio of 90.61 and a debt-to-equity ratio of 3.67. ACRES Commercial Realty Corp. has a 52-week low of $6.62 and a 52-week high of $15.20. The company has a market capitalization of $120.18 million, a P/E ratio of 21.57 and a beta of 2.04. The company has a 50 day moving average of $13.32 and a 200 day moving average of $12.51.

Analysts Set New Price Targets

Separately, JMP Securities increased their price target on ACRES Commercial Realty from $14.00 to $15.50 and gave the company a “market outperform” rating in a research report on Tuesday, April 30th.

Institutional Investors Weigh In On ACRES Commercial Realty

Several institutional investors have recently modified their holdings of the company. Nokomis Capital L.L.C. purchased a new position in ACRES Commercial Realty in the first quarter valued at $3,729,000. Acadian Asset Management LLC boosted its position in shares of ACRES Commercial Realty by 19.2% during the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock worth $1,480,000 after acquiring an additional 16,986 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of ACRES Commercial Realty in the 1st quarter valued at about $580,000. Ritholtz Wealth Management raised its position in shares of ACRES Commercial Realty by 17.0% during the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after acquiring an additional 3,043 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in ACRES Commercial Realty during the first quarter worth approximately $172,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.