Eagle Point Credit Management Sells 3,384 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 3,384 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $22.48, for a total transaction of $76,072.32. Following the transaction, the insider now directly owns 861,523 shares in the company, valued at approximately $19,367,037.04. This represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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, March 24th, Eagle Point Credit Management sold 854 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.45, for a total transaction of $19,172.30.
• On Wednesday, March 19th, Eagle Point Credit Management sold 9,937 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.08, for a total value of $229,345.96.
• On Thursday, March 13th, Eagle Point Credit Management sold 8,657 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.47, for a total value of $194,522.79.
• On Thursday, January 30th, Eagle Point Credit Management sold 811 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.90, for a total value of $20,193.90.
• On Wednesday, January 22nd, Eagle Point Credit Management sold 7,335 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.40, for a total transaction of $164,304.00.
• On Monday, December 30th, Eagle Point Credit Management sold 200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total transaction of $5,040.00.

ACRES Commercial Realty Price Performance

Shares of ACRES Commercial Realty stock opened at $21.12 on Friday. The business has a 50 day moving average of $19.98 and a 200 day moving average of $17.54. ACRES Commercial Realty Corp. has a 52 week low of $12.33 and a 52 week high of $23.81. The company has a market cap of $157.44 million, a PE ratio of 25.14 and a beta of 2.12. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ACR shares. JMP Securities raised their price target on shares of ACRES Commercial Realty to $22.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Jones Trading reissued a “hold” rating on shares of ACRES Commercial Realty in a research note on Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Nokomis Capital L.L.C. boosted its stake in shares of ACRES Commercial Realty by 1.1% during the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company’s stock valued at $4,273,000 after purchasing an additional 2,889 shares in the last quarter. Jane Street Group LLC purchased a new stake in ACRES Commercial Realty in the fourth quarter worth about $213,000. Northern Trust Corp boosted its position in ACRES Commercial Realty by 32.5% during the 4th quarter. Northern Trust Corp now owns 39,671 shares of the company’s stock valued at $641,000 after acquiring an additional 9,738 shares in the last quarter. Gratia Capital LLC grew its holdings in shares of ACRES Commercial Realty by 1.3% during the 4th quarter. Gratia Capital LLC now owns 101,314 shares of the company’s stock worth $1,636,000 after acquiring an additional 1,314 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of ACRES Commercial Realty in the 4th quarter worth approximately $829,000. 40.03% of the stock is currently owned by 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.