Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 6,816 Shares of Stock

Posted by Erica Schwartz on Dec 19th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 6,816 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $24.77, for a total value of $168,832.32. Following the completion of the transaction, the insider now directly owns 434,574 shares in the company, valued at approximately $10,764,397.98. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large 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, December 16th, Eagle Point Credit Management sold 4,186 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.13, for a total value of $105,194.18.
On Friday, December 13th, Eagle Point Credit Management sold 130 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.06, for a total transaction of $2,997.80.
On Wednesday, December 11th, Eagle Point Credit Management sold 3,650 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.59, for a total transaction of $89,753.50.
On Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.18, for a total value of $31,248.38.
On Friday, December 6th, Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.18, for a total transaction of $103,187.64.
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 value 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 value 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 value of $48,690.40.
On Monday, November 25th, Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.14, for a total transaction 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.

ACRES Commercial Realty Trading Down 3.2 %

Shares of ACR traded down $0.50 during trading hours on Thursday, hitting $15.31. 20,017 shares of the stock traded hands, compared to its average volume of 21,008. The business has a fifty day moving average of $16.33 and a 200-day moving average of $15.14. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $118.45 million, a PE ratio of 18.23 and a beta of 2.06. ACRES Commercial Realty Corp. has a 1-year low of $9.41 and a 1-year high of $17.77.

Institutional Investors Weigh In On ACRES Commercial Realty

Several institutional investors have recently modified their holdings of the business. Ritholtz Wealth Management boosted its holdings in ACRES Commercial Realty by 17.0% during the second quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after buying an additional 3,043 shares during the last quarter. Biltmore Family Office LLC bought a new position in ACRES Commercial Realty during the 2nd quarter worth approximately $160,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ACRES Commercial Realty during the third quarter valued at approximately $177,000. Finally, Barclays PLC increased its stake in ACRES Commercial Realty by 147.1% in the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after purchasing an additional 2,083 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on ACR

ACRES Commercial Realty Company Profile

(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.