ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $10,516.80 in Stock

Posted by Samantha Reynolds on Nov 20th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 420 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $25.04, for a total transaction of $10,516.80. Following the completion of the transaction, the insider now directly owns 481,622 shares of the company’s stock, valued at $12,059,814.88. The trade was a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Monday, November 18th, Eagle Point Credit Management sold 1,923 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.06, for a total value of $48,190.38.
On Monday, November 11th, Eagle Point Credit Management sold 2,625 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.00, for a total transaction of $65,625.00.
On Thursday, November 7th, Eagle Point Credit Management sold 1,312 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.97, for a total transaction of $32,760.64.
On Monday, November 4th, Eagle Point Credit Management sold 129 shares of ACRES Commercial Realty stock. The shares were 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 shares were sold at an average price of $24.91, for a total value 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 value 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 transaction of $247,851.38.
On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.96, for a total transaction 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 transaction of $104,412.00.
On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.85, for a total transaction of $115,055.50.

ACRES Commercial Realty Trading Up 1.5 %

ACR opened at $16.57 on Wednesday. The company has a fifty day moving average price of $15.64 and a two-hundred day moving average price of $14.57. ACRES Commercial Realty Corp. has a 1-year low of $7.31 and a 1-year high of $16.93. The company has a market cap of $128.25 million, a P/E ratio of 19.73 and a beta of 2.05. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33.

Analyst Ratings Changes

Separately, JMP Securities upped their price objective on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a research report on Wednesday, September 25th.

View Our Latest Research Report on ACRES Commercial Realty

Institutional Investors Weigh In On ACRES Commercial Realty

A number of institutional investors have recently added to or reduced their stakes in ACR. O Shaughnessy Asset Management LLC purchased a new stake in ACRES Commercial Realty during the 1st quarter worth about $580,000. Janney Montgomery Scott LLC purchased a new stake in ACRES Commercial Realty during the 1st quarter valued at about $172,000. Acadian Asset Management LLC increased its position in shares of ACRES Commercial Realty by 19.2% in the first 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. Ritholtz Wealth Management boosted its holdings in ACRES Commercial Realty by 23.0% in the third quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock valued at $404,000 after acquiring an additional 4,825 shares in the last quarter. Finally, Biltmore Family Office LLC bought a new position in ACRES Commercial Realty in the second quarter worth about $160,000. 40.03% of the stock is owned by institutional investors.

About ACRES Commercial Realty

(Get Free Report)

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.