ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 10,601 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $23.38, for a total transaction of $247,851.38. Following the transaction, the insider now owns 499,391 shares of the company’s stock, valued at $11,675,761.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large 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 Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.96, for a total transaction of $151,163.64.
- On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.86, for a total value of $104,412.00.
- On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total value of $115,055.50.
- On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.80, for a total value of $2,802.40.
- On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total transaction of $100.88.
- On Monday, September 23rd, Eagle Point Credit Management sold 5,159 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.22, for a total transaction of $130,109.98.
- On Friday, September 20th, Eagle Point Credit Management sold 17,075 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.13, for a total transaction of $412,019.75.
- On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.34, for a total transaction of $661,950.64.
- On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.59, for a total value of $35,455.77.
- On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total value of $89,328.48.
ACRES Commercial Realty Trading Down 1.6 %
Shares of ACR opened at $15.24 on Thursday. The firm has a market capitalization of $121.26 million, a price-to-earnings ratio of 22.03 and a beta of 2.05. The company has a debt-to-equity ratio of 3.56, a current ratio of 100.49 and a quick ratio of 100.49. ACRES Commercial Realty Corp. has a 1-year low of $6.99 and a 1-year high of $16.13. The company has a 50-day moving average of $15.57 and a 200 day moving average of $14.27.
Institutional Trading of ACRES Commercial Realty
Analyst Ratings Changes
Separately, JMP Securities increased their target price on ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a research note on Wednesday, September 25th.
View Our Latest Report on ACRES Commercial Realty
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.
Featured Articles
- Five stocks we like better than ACRES Commercial Realty
- Top Biotech Stocks: Exploring Innovation Opportunities
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- About the Markup Calculator
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What is Forex and How Does it Work?
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for ACRES Commercial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACRES Commercial Realty and related companies with MarketBeat.com's FREE daily email newsletter.