Eagle Point Credit Management Sells 7,005 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 7,005 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $25.01, for a total value of $175,195.05. Following the completion of the transaction, the insider now directly owns 684,831 shares in the company, valued at approximately $17,127,623.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more 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 Thursday, June 27th, Eagle Point Credit Management sold 18,464 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.00, for a total value of $461,600.00.

ACRES Commercial Realty Trading Up 0.9 %

ACR stock opened at $12.88 on Friday. The company has a market cap of $102.51 million, a P/E ratio of 18.40 and a beta of 2.02. ACRES Commercial Realty Corp. has a twelve month low of $6.62 and a twelve month high of $14.35. The company has a quick ratio of 90.61, a current ratio of 90.61 and a debt-to-equity ratio of 3.67. The business has a fifty day moving average of $13.13 and a 200-day moving average of $11.75.

ACRES Commercial Realty (NYSE:ACR) last released its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.25). The firm had revenue of $18.77 million for the quarter, compared to the consensus estimate of $13.00 million. ACRES Commercial Realty had a return on equity of 7.76% and a net margin of 28.51%. During the same quarter in the previous year, the firm earned $0.42 EPS. As a group, equities research analysts expect that ACRES Commercial Realty Corp. will post 1.16 EPS for the current year.

Analyst Ratings Changes

Separately, JMP Securities boosted their price objective on ACRES Commercial Realty from $14.00 to $15.50 and gave the stock a “market outperform” rating in a research note on Tuesday, April 30th.

Institutional Investors Weigh In On ACRES Commercial Realty

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in ACRES Commercial Realty in the first quarter valued at about $172,000. O Shaughnessy Asset Management LLC bought a new stake in ACRES Commercial Realty in the first quarter valued at about $580,000. Acadian Asset Management LLC increased its holdings in ACRES Commercial Realty by 19.2% in the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after purchasing an additional 16,986 shares during the last quarter. Finally, Nokomis Capital L.L.C. bought a new stake in ACRES Commercial Realty in the first quarter valued at about $3,729,000. 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.