Eagle Point Credit Management Sells 2,388 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

Posted by ABMN Staff on Dec 28th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $25.20, for a total value of $60,177.60. Following the completion of the transaction, the insider now owns 426,358 shares of the company’s stock, valued at approximately $10,744,221.60. This trade represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

On Friday, December 20th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total value of $2,520.00.
On Wednesday, December 18th, Eagle Point Credit Management sold 6,816 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.77, for a total value of $168,832.32.
On Monday, December 16th, Eagle Point Credit Management sold 4,186 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.13, for a total transaction of $105,194.18.
On Friday, December 13th, Eagle Point Credit Management sold 130 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.06, for a total transaction of $2,997.80.
On Wednesday, December 11th, Eagle Point Credit Management sold 3,650 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.59, for a total transaction of $89,753.50.
On Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.18, for a total value of $31,248.38.
On Friday, December 6th, Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.18, for a total value of $103,187.64.
On Wednesday, December 4th, Eagle Point Credit Management sold 647 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.11, for a total value of $16,246.17.
On Monday, December 2nd, Eagle Point Credit Management sold 3,806 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.19, for a total value of $95,873.14.
On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.15, for a total transaction of $48,690.40.

ACRES Commercial Realty Trading Up 0.7 %

Shares of ACR stock opened at $16.28 on Friday. The business has a 50-day moving average price of $16.36 and a two-hundred day moving average price of $15.27. ACRES Commercial Realty Corp. has a 12-month low of $9.41 and a 12-month high of $17.77. The company has a quick ratio of 73.84, a current ratio of 73.84 and a debt-to-equity ratio of 3.33. The firm has a market cap of $125.96 million, a P/E ratio of 19.38 and a beta of 2.06.

Hedge Funds Weigh In On ACRES Commercial Realty

Large investors have recently modified their holdings of the company. Ritholtz Wealth Management grew its position in ACRES Commercial Realty by 23.0% during the third quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock valued at $404,000 after acquiring an additional 4,825 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ACRES Commercial Realty in the 3rd quarter valued at $177,000. Biltmore Family Office LLC bought a new position in shares of ACRES Commercial Realty during the 2nd quarter valued at $160,000. Finally, Barclays PLC raised its position in ACRES Commercial Realty by 147.1% in the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock worth $55,000 after purchasing an additional 2,083 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities increased their price target on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th.

View Our Latest Stock Analysis on ACRES Commercial Realty

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.