Eagle Point Credit Management Sells 6,160 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 6,160 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $22.21, for a total value of $136,813.60. Following the sale, the insider directly owned 835,092 shares of the company's stock, valued at approximately $18,547,393.32. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 8th, Eagle Point Credit Management sold 1,676 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.20, for a total transaction of $37,207.20.
• On Monday, July 7th, Eagle Point Credit Management sold 273 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.20, for a total transaction of $6,060.60.
• On Monday, June 30th, Eagle Point Credit Management sold 56 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.52, for a total transaction of $1,261.12.
• On Friday, June 27th, Eagle Point Credit Management sold 1,958 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total value of $44,015.84.
• On Thursday, June 26th, Eagle Point Credit Management sold 54 shares of ACRES Commercial Realty stock. The shares were 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 shares were 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 shares were 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 transaction of $247,879.69.
• On Monday, June 16th, Eagle Point Credit Management sold 553 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total transaction 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 transaction of $8,900.00.

ACRES Commercial Realty Stock Up 0.5%

NYSE:ACR traded up $0.08 on Monday, hitting $17.87. 30,755 shares of the company's stock were exchanged, compared to its average volume of 41,655. The firm has a 50-day moving average price of $18.16 and a 200-day moving average price of $18.73. ACRES Commercial Realty Corp. has a 52 week low of $13.71 and a 52 week 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. The company has a market cap of $132.07 million, a P/E ratio of 61.63 and a beta of 1.69.

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

Institutional Investors Weigh In On ACRES Commercial Realty

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

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.

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