Insider Selling: ACRES Commercial Realty (NYSE:ACR) Major Shareholder Sells $24,221.40 in Stock

ACRES Commercial Realty Corp. (NYSE:ACRGet Free Report) major shareholder Eagle Point Credit Management sold 1,095 shares of the business’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $22.12, for a total value of $24,221.40. Following the transaction, the insider owned 737,928 shares in the company, valued at approximately $16,322,967.36. This trade represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

  • On Monday, March 16th, Eagle Point Credit Management sold 2,954 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.07, for a total transaction of $65,194.78.
  • On Tuesday, March 3rd, Eagle Point Credit Management sold 3,142 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $21.80, for a total transaction of $68,495.60.
  • On Monday, March 2nd, Eagle Point Credit Management sold 2,140 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.08, for a total transaction of $51,531.20.
  • On Thursday, February 26th, Eagle Point Credit Management sold 1,301 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.28, for a total value of $32,889.28.
  • On Wednesday, February 25th, Eagle Point Credit Management sold 1,800 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.25, for a total value of $45,450.00.
  • On Tuesday, February 24th, Eagle Point Credit Management sold 600 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.25, for a total transaction of $15,150.00.
  • On Thursday, February 19th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.23, for a total transaction of $2,523.00.
  • On Wednesday, February 18th, Eagle Point Credit Management sold 409 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.20, for a total transaction of $10,306.80.
  • On Tuesday, February 17th, Eagle Point Credit Management sold 273 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.20, for a total value of $6,060.60.
  • On Wednesday, February 4th, Eagle Point Credit Management sold 97 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.12, for a total value of $2,145.64.

ACRES Commercial Realty Stock Down 0.1%

Shares of ACR stock opened at $18.85 on Friday. ACRES Commercial Realty Corp. has a twelve month low of $16.51 and a twelve month high of $24.61. The stock has a market cap of $134.40 million, a P/E ratio of 1,886.89 and a beta of 1.11. The stock has a 50 day moving average of $18.90 and a 200 day moving average of $20.36. The company has a current ratio of 135.18, a quick ratio of 135.18 and a debt-to-equity ratio of 2.81.

Institutional Trading of ACRES Commercial Realty

A number of large investors have recently modified their holdings of ACR. BNP Paribas Financial Markets boosted its stake in shares of ACRES Commercial Realty by 120.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,354 shares of the company’s stock valued at $29,000 after buying an additional 739 shares during the period. JPMorgan Chase & Co. acquired a new stake in ACRES Commercial Realty in the second quarter valued at $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in ACRES Commercial Realty during the 2nd quarter worth about $60,000. MetLife Investment Management LLC acquired a new position in shares of ACRES Commercial Realty during the 4th quarter worth about $76,000. Finally, Bank of America Corp DE grew its position in shares of ACRES Commercial Realty by 110.4% in the 2nd quarter. Bank of America Corp DE now owns 3,671 shares of the company’s stock valued at $66,000 after buying an additional 1,926 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

ACR has been the topic of several research reports. Wall Street Zen downgraded ACRES Commercial Realty from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Zacks Research upgraded ACRES Commercial Realty to a “hold” rating in a research report on Friday, December 19th. Finally, Weiss Ratings upgraded ACRES Commercial Realty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, ACRES Commercial Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

Check Out Our Latest Stock Report 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.

Further Reading

Insider Buying and Selling by Quarter for ACRES Commercial Realty (NYSE:ACR)

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