ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $22.68, for a total value of $56,700.00. Following the completion of the transaction, the insider directly owned 771,484 shares in the company, valued at approximately $17,497,257.12. This trade represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Wednesday, September 24th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.60, for a total value of $2,260.00.
- On Monday, September 22nd, Eagle Point Credit Management sold 126 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.63, for a total transaction of $2,851.38.
- On Friday, September 19th, Eagle Point Credit Management sold 402 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.62, for a total transaction of $9,093.24.
- On Thursday, September 18th, Eagle Point Credit Management sold 2,456 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.61, for a total transaction of $55,530.16.
- On Wednesday, September 17th, Eagle Point Credit Management sold 2,825 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.61, for a total transaction of $63,873.25.
- On Tuesday, September 16th, Eagle Point Credit Management sold 10,062 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.57, for a total transaction of $227,099.34.
- On Monday, September 15th, Eagle Point Credit Management sold 389 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.57, for a total value of $8,779.73.
- On Friday, September 12th, Eagle Point Credit Management sold 310 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.57, for a total value of $6,996.70.
- On Thursday, September 11th, Eagle Point Credit Management sold 5,945 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.52, for a total value of $133,881.40.
- On Wednesday, September 10th, Eagle Point Credit Management sold 3,142 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total value of $70,632.16.
ACRES Commercial Realty Price Performance
ACR opened at $20.65 on Friday. The stock’s 50-day moving average price is $20.48 and its 200 day moving average price is $19.21. ACRES Commercial Realty Corp. has a 12-month low of $14.87 and a 12-month high of $23.81. The firm has a market cap of $153.39 million, a price-to-earnings ratio of -1,031.73 and a beta of 1.80. The company has a current ratio of 69.53, a quick ratio of 69.53 and a debt-to-equity ratio of 3.01.
Institutional Trading of ACRES Commercial Realty
Analyst Ratings Changes
Several research analysts have recently commented on ACR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of ACRES Commercial Realty in a research note on Saturday, September 27th. JMP Securities raised their price target on shares of ACRES Commercial Realty from $22.00 to $23.50 and gave the company a “market outperform” rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.50.
Read Our Latest Analysis on ACR
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.
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