Insider Selling: ACRES Commercial Realty (NYSE:ACR) Major Shareholder Sells 2,140 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 2,140 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.08, for a total value of $51,531.20. Following the transaction, the insider owned 349,907 shares in the company, valued at $8,425,760.56. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, March 3rd, Eagle Point Credit Management sold 3,142 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $21.80, for a total value of $68,495.60.
• On Thursday, February 26th, Eagle Point Credit Management sold 1,301 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.28, for a total transaction of $32,889.28.
• On Wednesday, February 25th, Eagle Point Credit Management sold 1,800 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.25, for a total transaction of $45,450.00.
• On Tuesday, February 24th, Eagle Point Credit Management sold 600 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.25, for a total value of $15,150.00.
• On Thursday, February 19th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.23, for a total value of $2,523.00.
• On Wednesday, February 18th, Eagle Point Credit Management sold 409 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total transaction of $10,306.80.
• On Tuesday, February 17th, 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 value of $6,060.60.
• On Wednesday, February 4th, Eagle Point Credit Management sold 97 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.12, for a total value of $2,145.64.
• On Tuesday, February 3rd, Eagle Point Credit Management sold 49 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.42, for a total transaction of $1,098.58.
• On Monday, February 2nd, Eagle Point Credit Management sold 5,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.11, for a total transaction of $114,972.00.

ACRES Commercial Realty Stock Up 0.5%

NYSE:ACR traded up $0.09 during trading hours on Wednesday, reaching $18.86. 13,113 shares of the company traded hands, compared to its average volume of 20,602. The business’s 50-day moving average price is $19.61 and its two-hundred day moving average price is $20.64. The stock has a market capitalization of $137.49 million, a P/E ratio of 19.65 and a beta of 1.19. ACRES Commercial Realty Corp. has a 1 year low of $16.51 and a 1 year high of $24.61. The company has a current ratio of 104.99, a quick ratio of 104.99 and a debt-to-equity ratio of 2.73.

ACRES Commercial Realty (NYSE:ACR) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.42). ACRES Commercial Realty had a return on equity of 4.74% and a net margin of 35.16%.The firm had revenue of $20.03 million during the quarter, compared to the consensus estimate of $20.58 million. Analysts predict that ACRES Commercial Realty Corp. will post 0.78 earnings per share for the current year.

Institutional Trading of ACRES Commercial Realty

Several large investors have recently bought and sold shares of ACR. BNP Paribas Financial Markets boosted its holdings in ACRES Commercial Realty by 120.2% in the third quarter. BNP Paribas Financial Markets now owns 1,354 shares of the company’s stock worth $29,000 after purchasing an additional 739 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of ACRES Commercial Realty during the second quarter worth $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of ACRES Commercial Realty during the 2nd quarter valued at about $60,000. Bank of America Corp DE grew its position in ACRES Commercial Realty by 110.4% in the second quarter. Bank of America Corp DE now owns 3,671 shares of the company’s stock valued at $66,000 after purchasing an additional 1,926 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of ACRES Commercial Realty in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded ACRES Commercial Realty to a “hold” rating in a report on Friday, December 19th. Wall Street Zen lowered shares of ACRES Commercial Realty from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ACRES Commercial Realty in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.50.

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.