ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 10,601 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $23.38, for a total transaction of $247,851.38. Following the completion of the sale, the insider now owns 499,391 shares in the company, valued at $11,675,761.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Eagle Point Credit Management also recently made the following trade(s):
- On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.96, for a total transaction of $151,163.64.
- On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total transaction of $104,412.00.
- On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.85, for a total transaction of $115,055.50.
- On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.80, for a total value of $2,802.40.
- On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.22, for a total value of $100.88.
- On Monday, September 23rd, Eagle Point Credit Management sold 5,159 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total value of $130,109.98.
- On Friday, September 20th, Eagle Point Credit Management sold 17,075 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.13, for a total value of $412,019.75.
- On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.34, for a total value of $661,950.64.
- On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.59, for a total transaction of $35,455.77.
- On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total transaction of $89,328.48.
ACRES Commercial Realty Stock Performance
NYSE ACR opened at $15.24 on Thursday. The business has a 50-day moving average price of $15.57 and a 200-day moving average price of $14.27. The firm has a market cap of $121.26 million, a price-to-earnings ratio of 22.03 and a beta of 2.05. ACRES Commercial Realty Corp. has a twelve month low of $6.99 and a twelve 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.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, JMP Securities lifted their target price on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the company a “market outperform” rating in a research note on Wednesday, September 25th.
Check Out Our Latest Stock Analysis on ACR
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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