ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 1,503 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $23.59, for a total value of $35,455.77. Following the completion of the sale, the insider now owns 578,365 shares in the company, valued at approximately $13,643,630.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Eagle Point Credit Management also recently made the following trade(s):
- On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total value of $89,328.48.
- On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total transaction of $17,461.02.
- On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.99, for a total transaction of $18,117.75.
- On Tuesday, September 3rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total transaction of $2,498.00.
- On Friday, August 30th, Eagle Point Credit Management sold 2,714 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.94, for a total value of $67,687.16.
- On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.92, for a total value of $29,904.00.
- On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total value of $52,311.00.
- On Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.57, for a total value of $125,994.96.
- On Wednesday, August 21st, Eagle Point Credit Management sold 1,390 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.87, for a total transaction of $34,569.30.
- On Monday, August 19th, Eagle Point Credit Management sold 3,119 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.87, for a total transaction of $77,569.53.
ACRES Commercial Realty Price Performance
Shares of ACR opened at $15.35 on Tuesday. The firm has a market capitalization of $120.80 million, a price-to-earnings ratio of 21.93 and a beta of 2.05. The firm’s fifty day simple moving average is $14.97 and its 200-day simple moving average is $13.71. ACRES Commercial Realty Corp. has a twelve month low of $6.62 and a twelve month high of $16.13. The company has a current ratio of 100.49, a quick ratio of 100.49 and a debt-to-equity ratio of 3.56.
Institutional Trading of ACRES Commercial Realty
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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