Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 1,172 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,172 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $22.48, for a total value of $26,346.56. Following the completion of the transaction, the insider now directly owns 859,525 shares of the company’s stock, valued at approximately $19,322,122. The trade was a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Wednesday, March 26th, Eagle Point Credit Management sold 3,384 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total value of $76,072.32.
• 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 stock was sold at an average price of $23.08, for a total transaction 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 transaction 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 value of $164,304.00.

ACRES Commercial Realty Stock Performance

Shares of ACR stock opened at $21.54 on Thursday. The business has a fifty day moving average of $20.20 and a 200 day moving average of $17.67. ACRES Commercial Realty Corp. has a 1 year low of $12.33 and a 1 year high of $23.81. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. The firm has a market capitalization of $160.60 million, a price-to-earnings ratio of 25.64 and a beta of 2.12.

Wall Street Analysts Forecast Growth

ACR has been the subject of several recent analyst reports. JMP Securities raised their price target on ACRES Commercial Realty to $22.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Jones Trading reiterated a “hold” rating on shares of ACRES Commercial Realty in a research note on Thursday, March 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ACR. Raymond James Financial Inc. acquired a new position in ACRES Commercial Realty in the 4th quarter worth approximately $829,000. Bank of New York Mellon Corp acquired a new stake in shares of ACRES Commercial Realty in the fourth quarter worth $412,000. Jane Street Group LLC purchased a new position in shares of ACRES Commercial Realty during the fourth quarter worth $213,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ACRES Commercial Realty during the third quarter valued at $177,000. Finally, Sei Investments Co. purchased a new stake in ACRES Commercial Realty in the fourth quarter valued at $162,000. 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.