Eagle Point Credit Management Sells 4,098 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

Posted by Lisa Durand on Dec 11th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $25.18, for a total value of $103,187.64. Following the completion of the sale, the insider now owns 454,456 shares of the company’s stock, valued at approximately $11,443,202.08. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.18, for a total transaction of $31,248.38.
On Wednesday, December 4th, Eagle Point Credit Management sold 647 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.11, for a total transaction of $16,246.17.
On Monday, December 2nd, Eagle Point Credit Management sold 3,806 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.19, for a total transaction of $95,873.14.
On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.15, for a total transaction of $48,690.40.
On Monday, November 25th, Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.14, for a total value of $105,135.48.
On Thursday, November 21st, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.11, for a total value of $42,034.14.
On Monday, November 18th, Eagle Point Credit Management sold 1,923 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.06, for a total value of $48,190.38.
On Friday, November 15th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.04, for a total transaction of $10,516.80.
On Monday, November 11th, Eagle Point Credit Management sold 2,625 shares of ACRES Commercial Realty stock. The shares were 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 stock was sold at an average price of $24.97, for a total value of $32,760.64.

ACRES Commercial Realty Price Performance

ACR stock opened at $17.24 on Wednesday. The stock has a 50-day moving average price of $16.16 and a two-hundred day moving average price of $14.98. ACRES Commercial Realty Corp. has a 1 year low of $8.12 and a 1 year high of $17.77. The stock has a market cap of $133.39 million, a PE ratio of 20.52 and a beta of 2.06. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Barclays PLC boosted its position in ACRES Commercial Realty by 147.1% during the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock worth $55,000 after acquiring an additional 2,083 shares during the last quarter. Biltmore Family Office LLC boosted its holdings in ACRES Commercial Realty by 24.8% during the third quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock worth $244,000 after purchasing an additional 3,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ACRES Commercial Realty during the third quarter worth $177,000. Finally, Ritholtz Wealth Management grew its position 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 purchasing an additional 4,825 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Check Out Our Latest Report on ACRES Commercial Realty

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.