ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $44,015.84 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 1,958 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $22.48, for a total transaction of $44,015.84. Following the completion of the transaction, the insider owned 843,257 shares in the company, valued at approximately $18,956,417.36. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% 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, June 30th, Eagle Point Credit Management sold 56 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.52, for a total transaction of $1,261.12.
• On Thursday, June 26th, Eagle Point Credit Management sold 54 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.48, for a total value of $1,213.92.
• On Wednesday, June 25th, Eagle Point Credit Management sold 10 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.48, for a total value of $224.80.
• On Tuesday, June 24th, Eagle Point Credit Management sold 2,222 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.45, for a total value of $49,883.90.
• On Tuesday, June 17th, Eagle Point Credit Management sold 11,071 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.39, for a total value of $247,879.69.
• On Monday, June 16th, Eagle Point Credit Management sold 553 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.30, for a total value of $12,331.90.
• On Friday, June 13th, Eagle Point Credit Management sold 400 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.25, for a total transaction of $8,900.00.

ACRES Commercial Realty Stock Up 2.1%

Shares of ACR traded up $0.38 during mid-day trading on Thursday, reaching $18.19. The company's stock had a trading volume of 13,054 shares, compared to its average volume of 30,039. The company's 50 day moving average is $18.26 and its 200 day moving average is $18.60. The stock has a market cap of $134.42 million, a PE ratio of 62.73 and a beta of 1.69. ACRES Commercial Realty Corp. has a 12-month low of $13.07 and a 12-month high of $23.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 88.11 and a quick ratio of 88.11.

ACRES Commercial Realty (NYSE:ACR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of $0.18 by ($1.15). The company had revenue of $5.60 million during the quarter, compared to analyst estimates of $19.89 million. ACRES Commercial Realty had a net margin of 22.98% and a return on equity of 2.95%. Equities analysts anticipate that ACRES Commercial Realty Corp. will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ACR. Goldman Sachs Group Inc. acquired a new position in shares of ACRES Commercial Realty during the 1st quarter valued at $488,000. Acadian Asset Management LLC boosted its stake in ACRES Commercial Realty by 1.2% during the 1st quarter. Acadian Asset Management LLC now owns 156,453 shares of the company's stock valued at $3,386,000 after purchasing an additional 1,851 shares during the period. Jane Street Group LLC increased its holdings in shares of ACRES Commercial Realty by 190.8% during the 1st quarter. Jane Street Group LLC now owns 38,434 shares of the company's stock worth $833,000 after purchasing an additional 25,216 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of ACRES Commercial Realty in the 1st quarter worth approximately $133,000. Finally, Informed Momentum Co LLC bought a new position in shares of ACRES Commercial Realty during the 1st quarter worth approximately $697,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JMP Securities raised their price objective on ACRES Commercial Realty to $22.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Jones Trading reaffirmed a "hold" rating on shares of ACRES Commercial Realty in a research note on Thursday, March 13th.

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.