ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 11,071 Shares

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 11,071 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $22.39, for a total transaction of $247,879.69. Following the transaction, the insider now owns 847,501 shares of the company's stock, valued at $18,975,547.39. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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 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 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 shares were sold at an average price of $22.48, for a total transaction of $76,072.32.
• On Monday, March 24th, Eagle Point Credit Management sold 854 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.45, for a total transaction 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 transaction of $229,345.96.

ACRES Commercial Realty Price Performance

NYSE ACR traded down $0.49 on Friday, reaching $17.35. 92,746 shares of the company's stock traded hands, compared to its average volume of 25,776. The stock has a market cap of $128.22 million, a PE ratio of 59.83 and a beta of 1.75. ACRES Commercial Realty Corp. has a 12 month low of $12.70 and a 12 month high of $23.81. The stock has a 50-day simple moving average of $18.21 and a 200 day simple moving average of $18.59. 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($1.15). The business had revenue of $5.60 million during the quarter, compared to analysts' expectations of $19.89 million. ACRES Commercial Realty had a net margin of 22.98% and a return on equity of 2.95%. As a group, research analysts predict that ACRES Commercial Realty Corp. will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Nokomis Capital L.L.C. lifted its stake in shares of ACRES Commercial Realty by 1.1% in the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company's stock valued at $4,273,000 after acquiring an additional 2,889 shares during the last quarter. Acadian Asset Management LLC increased its stake in 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 purchasing an additional 1,851 shares during the period. Gratia Capital LLC lifted its position in ACRES Commercial Realty by 1.3% in the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company's stock valued at $1,636,000 after purchasing an additional 1,314 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of ACRES Commercial Realty by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company's stock valued at $997,000 after purchasing an additional 1,458 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of ACRES Commercial Realty during the fourth quarter valued at approximately $829,000. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACR has been the topic of a number of research analyst reports. Jones Trading reissued a "hold" rating on shares of ACRES Commercial Realty in a research note on Thursday, March 13th. JMP Securities upped their price objective on ACRES Commercial Realty to $22.00 and gave the stock a "buy" rating in a report on Friday, March 7th.

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.