ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 2,222 Shares

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 2,222 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $22.45, for a total value of $49,883.90. Following the completion of the transaction, the insider now owns 845,279 shares in the company, valued at approximately $18,976,513.55. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large 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 Wednesday, June 25th, Eagle Point Credit Management sold 10 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total value of $224.80.
• 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 shares were sold at an average price of $22.25, for a total value of $8,900.00.
• On Friday, March 28th, Eagle Point Credit Management sold 1,172 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total value of $26,346.56.

ACRES Commercial Realty Stock Performance

ACRES Commercial Realty stock traded up $0.32 during mid-day trading on Friday, hitting $17.56. 816,377 shares of the company's stock traded hands, compared to its average volume of 29,613. ACRES Commercial Realty Corp. has a one year low of $12.81 and a one year high of $23.81. The company has a market cap of $129.80 million, a PE ratio of 60.57 and a beta of 1.75. The firm has a 50 day moving average price of $18.22 and a 200 day moving average price of $18.61. The company has a quick ratio of 88.11, a current ratio of 88.11 and a debt-to-equity ratio of 2.89.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gratia Capital LLC raised its holdings in ACRES Commercial Realty by 1.3% during the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company's stock worth $1,636,000 after purchasing an additional 1,314 shares in the last quarter. Biltmore Family Office LLC increased its position in shares of ACRES Commercial Realty by 6.6% during the 1st quarter. Biltmore Family Office LLC now owns 23,552 shares of the company's stock valued at $510,000 after purchasing an additional 1,448 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of ACRES Commercial Realty by 2.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company's stock worth $997,000 after buying an additional 1,458 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of ACRES Commercial Realty by 1.2% in the 1st quarter. Acadian Asset Management LLC now owns 156,453 shares of the company's stock worth $3,386,000 after buying an additional 1,851 shares in the last quarter. Finally, Nokomis Capital L.L.C. lifted its holdings in shares of ACRES Commercial Realty by 1.1% in the fourth quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company's stock valued at $4,273,000 after buying an additional 2,889 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ACR has been the subject of several recent research reports. Jones Trading reaffirmed a "hold" rating on shares of ACRES Commercial Realty in a report on Thursday, March 13th. JMP Securities upped their target price on ACRES Commercial Realty to $22.00 and gave the company a "buy" rating in a 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.