ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $12,331.90 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 553 shares of ACRES Commercial Realty stock in a transaction on Monday, June 16th. The shares were sold at an average price of $22.30, for a total value of $12,331.90. Following the transaction, the insider now directly owns 858,572 shares of the company's stock, valued at approximately $19,146,155.60. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 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 Tuesday, June 17th, Eagle Point Credit Management sold 11,071 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.39, for a total transaction of $247,879.69.
• On Friday, June 13th, Eagle Point Credit Management sold 400 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.25, for a total transaction of $8,900.00.
• On Friday, March 28th, Eagle Point Credit Management sold 1,172 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.48, for a total transaction of $26,346.56.
• On Wednesday, March 26th, Eagle Point Credit Management sold 3,384 shares of ACRES Commercial Realty stock. The stock was 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 value 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 value of $229,345.96.

ACRES Commercial Realty Trading Down 0.6%

ACR traded down $0.10 during mid-day trading on Tuesday, reaching $17.68. The stock had a trading volume of 36,909 shares, compared to its average volume of 25,377. The stock has a market capitalization of $130.65 million, a P/E ratio of 60.96 and a beta of 1.75. ACRES Commercial Realty Corp. has a 52 week low of $12.69 and a 52 week high of $23.81. The company has a debt-to-equity ratio of 2.89, a quick ratio of 88.11 and a current ratio of 88.11. The firm's fifty day simple moving average is $18.22 and its two-hundred day simple moving average is $18.59.

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 analysts' consensus estimates of $0.18 by ($1.15). The firm had revenue of $5.60 million during the quarter, compared to analyst estimates of $19.89 million. ACRES Commercial Realty had a return on equity of 2.95% and a net margin of 22.98%. On average, equities analysts predict that ACRES Commercial Realty Corp. will post 0.78 EPS for the current year.

Institutional Investors Weigh In On ACRES Commercial Realty

Several institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in ACRES Commercial Realty in the first quarter valued at approximately $133,000. Sei Investments Co. acquired a new stake in ACRES Commercial Realty during the 4th quarter worth $162,000. Jane Street Group LLC bought a new stake in shares of ACRES Commercial Realty during the 4th quarter valued at $213,000. Biltmore Family Office LLC lifted its stake in shares of ACRES Commercial Realty by 41.7% in the 4th quarter. Biltmore Family Office LLC now owns 22,104 shares of the company's stock valued at $357,000 after purchasing an additional 6,504 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of ACRES Commercial Realty in the 4th quarter valued at $412,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Jones Trading restated a "hold" rating on shares of ACRES Commercial Realty in a research note on Thursday, March 13th. JMP Securities upped their target price on shares of ACRES Commercial Realty to $22.00 and gave the stock a "buy" rating in a research report on Friday, March 7th.

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.

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