ACRES Commercial Realty (NYSE:ACR) Major Shareholder Sells $147,530.46 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 5,806 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $25.41, for a total value of $147,530.46. Following the transaction, the insider owned 344,106 shares in the company, valued at $8,743,733.46. The trade was a 1.66% 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 Wednesday, June 3rd, Eagle Point Credit Management sold 422 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.55, for a total transaction of $9,516.10.
• On Wednesday, May 20th, Eagle Point Credit Management sold 404 shares of ACRES Commercial Realty stock. The shares were 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 shares were 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 shares were sold at an average price of $22.07, for a total transaction of $65,194.78.

ACRES Commercial Realty Trading Down 0.7%

ACR opened at $18.61 on Friday. The company has a debt-to-equity ratio of 3.36, a current ratio of 164.62 and a quick ratio of 164.62. The company’s 50-day moving average is $20.05 and its 200 day moving average is $20.24. The firm has a market capitalization of $132.69 million, a PE ratio of 28.63 and a beta of 1.07. 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 earnings results on Thursday, April 30th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. ACRES Commercial Realty had a return on equity of 5.61% and a net margin of 37.20%.The company had revenue of $17.82 million for the quarter, compared to analyst estimates of $20.55 million. As a group, research analysts predict that ACRES Commercial Realty Corp. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On ACRES Commercial Realty

A number of institutional investors have recently made changes to their positions in the business. Eagle Point Credit Management LLC purchased a new stake in ACRES Commercial Realty during the 4th quarter valued at about $25,118,000. Oaktree Capital Management LP purchased a new position in ACRES Commercial Realty during the 3rd quarter valued at $8,282,000. Vanguard Group Inc. increased its position in shares of ACRES Commercial Realty by 3.1% during the third quarter. Vanguard Group Inc. now owns 383,696 shares of the company’s stock valued at $8,119,000 after buying an additional 11,465 shares during the period. Geode Capital Management LLC raised its position in shares of ACRES Commercial Realty by 125.1% in the 2nd quarter. Geode Capital Management LLC now owns 137,996 shares of the company’s stock worth $2,476,000 after acquiring an additional 76,688 shares in the last quarter. Finally, State Street Corp raised its holdings in ACRES Commercial Realty by 8.5% in the fourth quarter. State Street Corp now owns 86,053 shares of the company’s stock worth $1,836,000 after purchasing an additional 6,713 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.