Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 9,937 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 9,937 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $23.08, for a total transaction of $229,345.96. Following the completion of the sale, the insider now directly owns 866,466 shares in the company, valued at $19,998,035.28. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 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 stock was 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 shares were sold at an average price of $22.40, for a total value 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 value of $5,040.00.
• On Thursday, December 26th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total transaction of $10,584.00.
• On Monday, December 23rd, Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total transaction of $60,177.60.

ACRES Commercial Realty Stock Down 7.0 %

ACR stock traded down $1.64 during mid-day trading on Friday, reaching $21.75. The company had a trading volume of 65,748 shares, compared to its average volume of 21,153. The firm has a fifty day simple moving average of $19.48 and a 200 day simple moving average of $17.27. The company has a debt-to-equity ratio of 3.33, a quick ratio of 73.84 and a current ratio of 73.84. The company has a market capitalization of $162.13 million, a price-to-earnings ratio of 25.89 and a beta of 2.12. ACRES Commercial Realty Corp. has a fifty-two week low of $12.30 and a fifty-two week high of $23.81.

Wall Street Analyst Weigh In

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

Institutional Trading of ACRES Commercial Realty

A number of large investors have recently made changes to their positions in the company. Nokomis Capital L.L.C. grew its holdings in 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 worth $4,273,000 after acquiring an additional 2,889 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of ACRES Commercial Realty during the 4th quarter worth $213,000. Northern Trust Corp increased its holdings in ACRES Commercial Realty by 32.5% in the fourth quarter. Northern Trust Corp now owns 39,671 shares of the company’s stock valued at $641,000 after buying an additional 9,738 shares during the last quarter. Gratia Capital LLC raised its stake in ACRES Commercial Realty by 1.3% in the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company’s stock valued at $1,636,000 after buying an additional 1,314 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ACRES Commercial Realty during the 4th quarter worth about $829,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

About ACRES Commercial Realty

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.