ACRES Commercial Realty (NYSE:ACR) Major Shareholder Sells $34,449.12 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,527 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $22.56, for a total value of $34,449.12. Following the transaction, the insider directly owned 344,100 shares of the company’s stock, valued at $7,762,896. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more 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 Friday, June 12th, Eagle Point Credit Management sold 849 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.47, for a total value of $21,624.03.
• On Thursday, June 11th, Eagle Point Credit Management sold 215 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.47, for a total value of $5,476.05.
• On Wednesday, June 3rd, Eagle Point Credit Management sold 422 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.55, for a total value of $9,516.10.
• On Monday, June 1st, Eagle Point Credit Management sold 5,806 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.41, for a total value of $147,530.46.
• On Wednesday, May 20th, Eagle Point Credit Management sold 404 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.50, for a total value of $9,090.00.
• On Monday, March 30th, Eagle Point Credit Management sold 1,095 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.12, for a total value of $24,221.40.
• On Monday, March 16th, Eagle Point Credit Management sold 2,954 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.07, for a total value of $65,194.78.

ACRES Commercial Realty Stock Up 0.2%

Shares of ACR stock traded up $0.04 on Friday, hitting $18.06. 28,365 shares of the stock were exchanged, compared to its average volume of 21,506. The company has a current ratio of 164.62, a quick ratio of 164.62 and a debt-to-equity ratio of 3.36. The firm has a market capitalization of $128.77 million, a P/E ratio of 27.79 and a beta of 1.07. The business has a 50-day moving average of $19.99 and a 200 day moving average of $20.16. ACRES Commercial Realty Corp. has a fifty-two week low of $17.06 and a fifty-two week high of $24.61.

ACRES Commercial Realty (NYSE:ACR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $17.82 million during the quarter, compared to analysts’ expectations of $20.55 million. ACRES Commercial Realty had a return on equity of 5.61% and a net margin of 37.20%. Equities analysts anticipate that ACRES Commercial Realty Corp. will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its position in ACRES Commercial Realty by 120.2% during the third quarter. BNP Paribas Financial Markets now owns 1,354 shares of the company’s stock valued at $29,000 after purchasing an additional 739 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in ACRES Commercial Realty during the second quarter valued at approximately $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in ACRES Commercial Realty during the second quarter valued at approximately $60,000. MetLife Investment Management LLC acquired a new position in ACRES Commercial Realty during the fourth quarter valued at approximately $76,000. Finally, Bank of America Corp DE lifted its position in shares of 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 buying an additional 1,926 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen raised ACRES Commercial Realty from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings raised ACRES Commercial Realty from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.50.

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.