ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 1,503 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $23.59, for a total transaction of $35,455.77. Following the completion of the transaction, the insider now owns 578,365 shares in the company, valued at $13,643,630.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total transaction of $89,328.48.
- On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total value of $17,461.02.
- On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.99, for a total value of $18,117.75.
- On Tuesday, September 3rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total value of $2,498.00.
- On Friday, August 30th, Eagle Point Credit Management sold 2,714 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.94, for a total transaction of $67,687.16.
- On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.92, for a total transaction of $29,904.00.
- On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total transaction of $52,311.00.
- On Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.57, for a total transaction of $125,994.96.
- On Wednesday, August 21st, Eagle Point Credit Management sold 1,390 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total value of $34,569.30.
- On Monday, August 19th, Eagle Point Credit Management sold 3,119 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total value of $77,569.53.
ACRES Commercial Realty Price Performance
Shares of ACR stock opened at $15.37 on Wednesday. The firm has a market cap of $120.96 million, a price-to-earnings ratio of 21.96 and a beta of 2.05. ACRES Commercial Realty Corp. has a 12 month low of $6.62 and a 12 month high of $16.13. The company has a quick ratio of 100.49, a current ratio of 100.49 and a debt-to-equity ratio of 3.56. The stock has a 50-day moving average price of $15.01 and a 200 day moving average price of $13.74.
Institutional Investors Weigh In On ACRES Commercial Realty
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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