ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 15,084 Shares

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 15,084 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $22.30, for a total value of $336,373.20. Following the completion of the sale, the insider directly owned 819,809 shares in the company, valued at approximately $18,281,740.70. This represents a 1.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Wednesday, July 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.32, for a total value of $2,232.00.
• On Wednesday, July 16th, Eagle Point Credit Management sold 199 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.18, for a total value of $4,413.82.
• On Thursday, July 10th, Eagle Point Credit Management sold 6,160 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.21, for a total value of $136,813.60.
• 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 value of $37,207.20.
• On Monday, July 7th, Eagle Point Credit Management sold 273 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.20, for a total value of $6,060.60.
• 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 value 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 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.

ACRES Commercial Realty Trading Down 0.6%

NYSE:ACR traded down $0.12 during trading hours on Monday, hitting $19.05. 938 shares of the company were exchanged, compared to its average volume of 40,731. The stock has a market capitalization of $140.78 million, a price-to-earnings ratio of 65.69 and a beta of 1.69. The company has a current ratio of 88.11, a quick ratio of 88.11 and a debt-to-equity ratio of 2.89. ACRES Commercial Realty Corp. has a one year low of $13.91 and a one year high of $23.81. The company has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $18.83.

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 the consensus estimate of $0.18 by ($1.15). ACRES Commercial Realty had a return on equity of 2.95% and a net margin of 22.98%. The company had revenue of $5.60 million for the quarter, compared to the consensus estimate of $19.89 million. Sell-side 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in shares of ACRES Commercial Realty during the 1st quarter valued at about $133,000. Sei Investments Co. bought a new stake in shares of ACRES Commercial Realty during the 4th quarter valued at about $162,000. Jane Street Group LLC bought a new stake in shares of ACRES Commercial Realty during the 4th quarter valued at about $213,000. Biltmore Family Office LLC boosted its holdings in ACRES Commercial Realty by 41.7% in the fourth 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 in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in ACRES Commercial Realty in the fourth quarter worth approximately $412,000. Institutional investors own 40.03% of the company's stock.

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.